Fort Lauderdale Office Figures - Q3 2026

In Q3 2026, the office market showed modest improvement in fundamentals after several years of mixed demand. From the earliest quarter in the series, the vacancy rate declined by 190 basis points, indicating that more space was occupied by the end of the period. Over the same span, availability dropped meaningfully and average asking rents increased by 18.1%, pointing to a market that generally remained resilient despite intermittent softness. Demand was uneven, with several first quarters posting notable negative net absorption, but subsequent quarters typically saw occupiers take back space and rebuild occupancy.  

This quarter, net absorption totaled 66,000 sq. ft., signaling that tenants expanded their footprints rather than contracting. The vacancy rate edged down quarter-over-quarter, while the availability rate improved by 80 bps year-over-year, suggesting incremental tightening in the amount of space offered to tenants. Average asking rents rose 8.3% year-over-year, while the vacancy rate was stable over the same period. Construction remained measured, with 177,000 sq. ft. underway in a single project and no new deliveries, limiting immediate supply pressure. Leasing momentum was supported by new commitments from GXO Logistics, Venture X and Brasfield & Gorrie across both downtown and suburban submarkets, illustrating active interest from a diverse set of occupiers.