Fort Lauderdale, FL Industrial Market Report Q3 2026

Sales Volume Rises 72%; Rent Hits a New Peak of $21.03/SF

Demand

Fort Lauderdale absorbed 552K SF in Q3 2026, against -415K SF in the same quarter last year. Vacancy is 6.9%, 110 bps looser than Q3 2025. Outlying Broward is both the tightest submarket at 0.0% vacancy and the rent growth leader at +3.0%. Trailing-12-month absorption of 117K SF compares with -1.81M SF a year earlier. Asking rent of $21.03/SF is up 1.9% year over year and a record.

Supply

Fort Lauderdale delivered 379K SF in Q3 and 2.01M SF over the trailing twelve months (+598% versus the prior TTM period). Space under construction equals 0.7% of inventory, concentrated in Pompano Beach at 1.4% of its stock. Annual deliveries peaked at 5.56M SF in 2001. Q3 deliveries were 519% above last year’s 61K SF. The 1.05M SF pipeline equals about 36 quarters of absorption at the trailing pace.

Investment Market

Fort Lauderdale recorded $2.8B in sales over the trailing twelve months, +72% against the prior TTM period; Q3 accounted for $514M. The high-water mark in this series is $2.2B in 2026.

Fort Lauderdale cap rates average 5.86%, down for 7 straight quarters. Pricing sits at $267/SF, higher for 16 consecutive years. The cap rate is 136 bps below the Q1 2015 high of 7.22%. Price per SF is at a record.