Broward (Fort Lauderdale) Retail MarketBeat Q1 2026

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%.