Broward (Fort Lauderdale) Office MarketBeat Q1 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.