Fort Lauderdale industrial real estate market reports

Q1 2024

Fort Lauderdale’s unemployment rate witnessed a slight uptick year-over-year, increasing 60 basis points reaching 3.1%. Total nonfarm jobs have seen a 1.8% increase in employment, with the trade, transportation and utilities sector experiencing a 3.1% employment growth.
520k sf


Fort Lauderdale experienced 520,351 square feet of positive absorption during the first quarter of the year.


Industrial rent growth

Fort Lauderdale’s industrial rent growth outpaced all other major Southeastern industrial markets over a 3-year span, with an 87% increase.

1.8 msf

Net absorption

Tenant demand during the first quarter resulted in over 1.8 million square feet leased.

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