Fort Lauderdale office market reports

Q4 2022

Fort Lauderdale bounced back from two years of pandemic-era moveouts to close 2022 with 559,197 square feet (sf) in annual positive absorption. The city has proven to be a popular destination for both in-state and out-of-state companies looking to reopen their back-office operations following the pandemic. This has put upward pressure on rates, which rose 3.4% annually in 2022 as strong leasing activity in submarkets like Downtown Fort Lauderdale and Plantation further draw down availability.

164,706 sf

Under construction

Two projects are currently under construction in Fort Lauderdale, the Icon Office Building and an expansion of Atlantic Village, that will add 164,706 sf to inventory.


Office attendance

Fort Lauderdale’s office attendance in December was at 42.6% of the attendance volume when compared to the week before the pandemic.


Office job growth

The number of office-using jobs in Fort Lauderdale grew by 2.6% year-over-year as companies begin executing on return-to-office plans.

6.9 msf


Overall availability was relatively flat during the fourth quarter, falling 82,684 sf to 6.9 million square feet (msf).


Change in vacancy

Vacancy dipped half a percentage point to 17.2% in the fourth quarter, following a downward trend that saw vacancy fall 1.1% year-over-year.

$292.30 psf

Investment sales

Rising interest rates, investor hesitancy and increased construction costs have put downward pressure on investment sale prices, which fell 4.1% quarter-over-quarter to $292.30.

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Get in-depth office market reports from commercial real estate experts in the Greater Fort Lauderdale area. Avison Young advisors look at Fort Lauderdale commercial real estate activities and the latest Fort Lauderdale statistics to provide you expert market research on Fort Lauderdale's office properties.

Explore different topics like the latest office market pricing trends and analysis of Fort Lauderdale's current office real estate market conditions. Gain a better understanding of Fort Lauderdale’s office real estate outlook and stay ahead of current office space trends. Make smart decisions when it comes to investing in office properties in Fort Lauderdale's competitive office real estate market. Avison Young is your trusted source for commercial real estate office market insights in Fort Lauderdale.

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