How are CRE loan maturities changing over the next five years in Fort Lauderdale?

Fort Lauderdale has at least $4.3 billion in commercial real estate loans set to mature in 2024, and a total of $16.3 billion maturing over the next five years.
In 2024, apartment maturities will represent the largest share of the market at 51%, amounting to approximately $2.2 billion. Hotels will account for 26% with $1.1 billion, while offices will comprise 14% at $599 million. Industrial properties will represent 5%, totaling $199 million, and retail properties will account for the remaining 4%, amounting to $185 million.
The United States will face more than $1 trillion in apartment debt through 2028, while the Fort Lauderdale market accounts for less than 1% of this total with $9.44 billion during the same period.
Fort Lauderdale’s office sector is in a more advantageous position compared to many markets, representing approximately 3-16% of the annual maturities over the next five years. This suggests a reduced risk of defaults on office loans in the area.

February 28, 2024

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