Fort Lauderdale, FL Retail Market Report Q3 2026

Completions Fall 38% While Tenants Give Back 58K SF in Q3

Demand

Fort Lauderdale posted net absorption of -58K SF in Q3 2026, against 6K SF in the same quarter last year. Vacancy is 4.1%, 9 bps looser than Q3 2025. Outlying Broward County is the tightest submarket at 0.8% vacancy; Sawgrass Park leads rent growth at +2.7%. Trailing-12-month absorption of -87K SF compares with -608K SF a year earlier. Asking rent of $36.98/SF is up 2.0% year over year and within 1% of the Q2 2026 peak of $37.03/SF.

Supply

Fort Lauderdale delivered 0 SF in Q3 and 124K SF over the trailing twelve months (-38% versus the prior TTM period). Space under construction equals 0.7% of inventory, concentrated in Southwest Broward at 3.0% of its stock. Annual deliveries peaked at 2.86M SF in 2008. Q3 deliveries were less than half of last year’s 47K SF.

Investment Market

Fort Lauderdale recorded $1.4B in sales over the trailing twelve months, +35% against the prior TTM period; Q3 accounted for $438M. The high-water mark in this series is $2.4B in 2007.

Fort Lauderdale cap rates average 6.29%. Pricing sits at $347/SF, higher for 16 consecutive years. The cap rate is 32 bps above the Q2 2022 low of 5.97%. Price per SF is at a record.