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Related Group recently paid $9.3 million for a development site at a Fort Lauderdale office park at 6700 N. Andrews Ave. Naya USA was the seller. CPN West retained ownership of the 309,243-square-foot office building there. Last year, Related Group filed plans to develop the vacant portion of this site with…
Sunbeam Development Corporation, owner of the 125-acre Miramar Cove, has engaged Colliers to lead retail leasing for the mixed-use waterfront destination now under construction in Miramar, west of Miami and Fort Lauderdale. Miramar Cove broke ground in May 2026 and will deliver approximately 400,000 square feet of…
MIAMI — NAI Miami | Fort Lauderdale has arranged a 9,916-square-foot retail lease at 1588 N.W. 7th St., a retail space within a parking garage at LoanDepot Park, home ballpark of the Miami Marlins. The tenant is Biscayne Bay Brewing Co. LLC, one of the leading craft breweries in South Florida and the official craft…
Developer El-Ad National Properties has paid $60 million for an oceanfront hotel in Fort Lauderdale, Fla., property records show. The 99-room Sea Club Resort sits on a 1.2-acre site at 619 North Fort Lauderdale Beach Boulevard, between Belmar and Auramar streets. The 54,982-square-foot building dates back to 1954.…
A three-tower Live Local Act project is proposed to take the place of a former Winn-Dixie in Fort Lauderdale. An entity linked to property owner John Thompson Loos III and Amy Loos Mergler filed an application for a residential project with 306 workforce housing units on a 3.1-acre site at 1625 and 1645 Cordova…
Upon completion of the MOB, NAI Miami | Fort Lauderdale will serve as the exclusive leasing representative.
Phillip Procacci sold a development site near the Galleria Mall that he long planned to develop, most recently proposing a 259-unit multifamily project. Boca Raton-based Procacci Development, through an affiliate, sold the 2.4-acre vacant lot in Fort Lauderdale to an entity tied to Dallas-based multifamily company…
🏆 Residential: The most expensive home sale to hit records in South Florida was in Boca Raton. A trust purchased the newly built home at 1642 Sabal Palm Drive for $21.5 million from John and Mary Hargrove, who purchased it for $6 million last year. The home, in the Royal Palm Yacht and Country Club, measures 9,400…
🏆 Residential: Fort Lauderdale had the priciest home sale recorded in South Florida. A company managed by Michael D. Snyder, founder and CEO of MDS Energy Development, parted with the home at 340 San Marco Drive for $9.5 million. The buyer was a company tied to Margaret Yu and Thomas Lee. The property last sold…
FORT LAUDERDALE, FLA. — Affiliated Development has received a $74 million construction loan for the development of The Cove, a 376-unit, mixed-income multifamily project located on the northwest corner of Sunrise Boulevard and Federal Highway in Fort Lauderdale. Pacific Life Insurance Co. provided the loan for the…
Affiliated Development started construction on a Live Local Act project in Fort Lauderdale after scoring a $74 million construction loan. Pacific Life Insurance Company provided financing for The Cove, an eight-story, 376-unit development at 1055 North Federal Highway. The project is also being capitalized with…
Affiliated Development has closed on a $74 million construction loan with Pacific Life Insurance Company for The Cove, a mixed-use, mixed-income multifamily development on the northwest corner of Sunrise Boulevard and Federal Highway in Fort Lauderdale. Just over half of the 374 units will be restricted to families…
FORT LAUDERDALE, FLA. — Dependable Equities has obtained a $54 million construction loan from CDK Capital to support the planning and pre-development of two luxury high-rise communities located at 101… The post Dependable Equities Obtains $54M for Two-Tower Project in Fort Lauderdale appeared first on Multifamily &…
MEDLEY, FLA. — NAI Miami | Fort Lauderdale has brokered the $6.6 million sale of a 2.6-acre industrial site located at 7501 N.W. 72nd Ave. in Medley, about 14 miles northwest of Miami. Locally based Tekton Construction Corp. purchased the site from the seller, an entity doing business as 7501 Medley Civil LLC.…
Dependable Equities, an affiliate of Sky Equity Group, secured $54 million in pre-construction financing from CDK, with Valley National Bank serving as a participating lender to advance a residential development south of the New River, near downtown Fort Lauderdale. The financing, arranged by Daryl Hagler and Allen…
PEMBROKE PINES, FLA. — Chicago-based Waterton has acquired The Landings at Pembroke Lakes, a 358-unit property in Pembroke Pines, 20 miles southwest of Fort Lauderdale. The South Florida Business Journal… The post Waterton Buys Landings at Pembroke Lakes in South Florida for $80.5M appeared first on Multifamily &…
Fort Lauderdale's multifamily market experienced a slowdown in Q3 2025 with asking rent growth of just 0.1% following the unsustainable surge of 2021–22, driven by a large luxury supply wave that expanded vacancy to 7.6% and increased concessions, though rents remained over 25% above early-2021 levels and 34% above the U.S. average. The market recorded 8,760 units under construction (predominantly Class A luxury), annual sales of $1.8 billion with cap rates rising to 5.6%, and strong absorption averaging over 1,000 units per quarter since late 2023, while lower-rent submarkets posted some of the strongest annual rent gains as renters shifted toward more cost-effective areas.
Fort Lauderdale's retail market in Q3 2025 exhibits tight conditions with asking rents averaging $36 per SF, vacancy at 3.9%, and annual rent growth slowed to 1.1%, supported by strong tenant demand from fitness, grocery, and entertainment users despite minimal new supply of approximately 281,000 SF under construction. Retail investment sales reached $292 million over the past year driven by grocery-anchored and neighborhood centers, with the metro's economy remaining resilient supported by a median household income of $79,795, unemployment at 3.6%, and employment 5% above pre-pandemic levels.
Cushman & Wakefield's Q1 2026 MarketBeat report on Broward County's industrial market shows overall vacancy declined 10 basis points quarter-over-quarter to 5.4%, though it remains 120 basis points higher year-over-year due to 1.2 million square feet of 2025 deliveries of which over 90% remained unoccupied. Net absorption surpassed 137,000 square feet in Q1, the highest quarterly total in two years, while average asking rents rose 5.0% year-over-year to $17.67 per square foot, with new construction completions and expected pipeline deliveries projected to create upward vacancy pressure and rate volatility throughout 2026.
Broward County's office market vacancy rose to 16.2% in Q1 2026, the highest level since 2018, driven by large tenant vacancies in suburban submarkets particularly Weston and Sunrise, while the central business district remained stronger at 14.3% vacancy and recorded over 50% of total leasing volume despite overall asking rents averaging $42.68 per square foot. Net absorption declined to negative 88,032 square feet year-to-date, new leasing activity continued to slow to 231,000 square feet in Q1 marking the third consecutive quarter of decline, though downtown Class A asking rents reached $61.95 per square foot with one building surpassing $100 per square foot for the first time in the county's history.
This is a Q1 2026 industrial sector data report published by CBRE covering Broward County, with coverage areas including Fort Lauderdale, Miami, and national markets.
Broward County's retail market ended Q1 2026 with a 4.0% overall vacancy rate (up 30 basis points year-over-year) and an average asking rent of $35.47 per square foot (up 1.6% YOY), with nearly 100,000 square feet of new space delivered and over 690,000 square feet under construction. Leasing activity declined for a third consecutive quarter to 443,000 square feet, net occupancy fell by 94,000 square feet, and mall vacancy reached a market high of 6.5%, though investment sales rebounded strongly to $227 million in Q1 volume with cap rates ranging from 5.5% to 6.5%.
Cushman & Wakefield's Q1 2026 MarketBeat report on Broward County multifamily markets documents that Q1 deliveries totaled 1,515 units with units under construction falling to approximately 6,000—the lowest since 2020—while stabilized occupancy rose 20 basis points to 93.5%, net absorption reached 856 units, and overall effective rent stood at $2,423 per unit (down 0.9% year-over-year but up 1.3% quarterly). The report notes that demand outpaced supply in 2025 for the first time in three years with Central Fort Lauderdale and Hollywood/Dania Beach accounting for 57% of Q1 market gains, though nearly 3,400 additional units scheduled to deliver by year-end are expected to pressure occupancy rates entering 2027.