Fort Lauderdale’s office market remains tight with half of the submarkets seeing a decline in vacancy
- The Downtown Fort Lauderdale and Plantation submarkets recorded the most significant two-year declines in vacancy, with decreases of 3.8% and 7.1%, respectively. In contrast, the Sawgrass submarket experienced the largest increase in vacancy; however, with only 3 million square feet (msf) of existing inventory, it only takes a few large occupiers moving in to have a significant impact on vacancy.
- Together, Downtown Fort Lauderdale and Plantation represent over 30% of Fort Lauderdale’s total office inventory (33.3 msf), suggesting that areas with a higher concentration of office inventory have experienced strong occupier demand when comparing Q1 2025 to Q1 2023.
- Fort Lauderdale’s total office market vacancy rated dropped by 10 basis points comparing Q1 2023 to Q1 2025. Looking ahead, this figure is likely to continue its gradual decline as companies continue to bring employees back into the office, which will result in more leasing activity.
May 5, 2025
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US-FL-FLL Fort Lauderdale