Strong occupancy, stronger rents: Post-COVID realities in Fort Lauderdale industrial's market
- Since early 2021, Fort Lauderdale’s industrial occupancy has hovered around 91%, a level typically associated with stabilized pricing. Yet in that time, average NNN rents have surged from $10.14 to $17.26, marking a 70% increase despite no meaningful shift in occupancy.
- This growing disconnect highlights the pricing power landlords have retained in a post-COVID environment, driven by limited new supply and flight-to-quality behavior among tenants. Rather than relying on ultra-tight market conditions, rent growth has proven resilient even as occupancy has softened from its 2022 peak.
- With current occupancy still north of 91% and rents at record highs, Fort Lauderdale’s industrial market is now pricing like a premium asset class, one shaped more by scarcity and long term demand than by momentary availability.
June 3, 2025
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US-FL-FLL Fort Lauderdale