Market Report
Fort Lauderdale Multifamily Market Report
1Q 2026
Steady Job Gains and Upscale Leasing
Demand Anchor Local Apartment Outlook
Central Fort Lauderdale outperforms amid white-collar hiring. Expanding employment in financial and professional services is expected to bolster apartment demand in the metro despite broader economic headwinds. Office-using hiring helped downtown vacancy decline throughout 2025, and a sharp drop in 2026 deliveries here should support further tightening. Metrowide, Class A operators began achieving rent increases on new leases again in late 2025 — the first time since 2022 — indicating a more balanced supply-and-demand backdrop. Nevertheless, softer job creation in other industries and stricter immigration policies may temper leasing, particularly outside the core, where vacancy trended higher late last year. Hollywood’s elevated construction pipeline could place some pressure on vacancy, though its relatively affluent renter base should help to absorb luxury units. Meanwhile, minimal construction in Pembroke Pines, Plantation, and Coral Springs will contain vacancy risk even if household formation slows.
TO READ THE FULL ARTICLE
