Fort Lauderdale industrial real estate market reports
Q2 2024
Fort Lauderdale’s unemployment rate witnessed a slight uptick year-over-year, increasing 60 basis points reaching 3.1%. Total nonfarm employment saw a 1.8% increase year-overyear, with the trade, transportation and utilities sector experiencing a 3.1% employment growth.
80%
Industrial leases between 20k-50k sf
Throughout the first half of 2024, approximately 80% of all industrial leases were between 20,000-50,000 square feet.
1.7 msf
Largest amount of new inventory by submarket
The Southwest Broward submarket has seen the largest addition of new inventory since 2019 with over 1.7 million square feet.
+568,822 sf
Year-to-date absorption
Although Q2 2024 had negative absorption, the Fort Lauderdale industrial market has an overall positive year-to-date absorption of 568,822 square feet.
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