Fort Lauderdale office market report
Q4 2025
Fort Lauderdale demonstrated characteristics of a balanced market throughout 2025. Absorption remained near neutral, keeping vacancy levels at bay. From a capital markets standpoint, 2025 recorded the highest annual office sales volume since 2019, driven primarily by notable first-quarter transactions at 350, 450, and 401 E Las Olas. On the leasing front, banking, finance, insurance, real estate and legal firms continued to represent a significant share of activity, drawn to downtown Fort Lauderdale given its vibrant, urban environment. Tenant preferences continue to evolve, with occupiers increasingly favoring smaller spaces, as 57% of leases signed were for suites under 5,000 square feet. New construction activity remained subdued due to elevated building costs. Overall, these balanced market metrics position Fort Lauderdale for another year of stability.
Leases of FIRE tenants
27% of leases signed in Fort Lauderdale throughout 2025 were attributed to banking, finance, insurance, and real estate (FIRE) tenants.
Average asking rents
At year-end 2025, average FS asking rents recorded a figure of $42.12, up 4.77% from year-end 2024.
Aggregate office transaction volume
Throughout 2025, total office sales in Fort Lauderdale generated $686 million in aggregate transaction volume.
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