Fort Lauderdale Industrial Market Report

Pockets of leasing strength emerge despite broader softness. Fort Lauderdale’s industrial vacancy rose 60 basis points to 5.8 percent in the first quarter of 2025 as weaker demand from manufacturing and logistics users weighed on net absorption. Southwest Broward, Coral Springs and Sunrise saw sharp vacancy increases, though recent commitments by Transpire Bio and Arnet Pharmaceutical reflect a diversifying tenant base that may uphold fundamentals. In contrast, vacancy near Port Everglades held flat in early 2025, but near-term rollover risk could challenge that stability. Many recent move-ins were by tenants occupying warehouses on one-year terms amid tariff-related inventory shifts. Meanwhile, demand has held firm across northern infill areas, where increased leasing of 10,000- to 50,000-square-foot spaces should aid future absorption. A 600,000-square-foot speculative project delivering in Pompano Beach may skew availability, however, as it will increase the submarket’s stock by 2.2 percent.