Fort Lauderdale Office Market Report

Suburban appeal grows, with the city center still well positioned. Following large office move-outs in early 2025, improving net absorption in the second half points to a more stable outlook heading into 2026. Suburban office nodes may outperform as tenants favor buildings with strong highway access, lower costs, and proximity to employees and clients. Pompano Beach, Plantation, Sawgrass Park, and Hallandale each saw vacancy fall by at least 70 basis points in 2025 as professional services, health care, and government users drove an uptick in leasing of small-format Class A and B space. Downtown and the city proper, by contrast, recorded vacancy increases of more than 150 basis points, and the lone 2026 delivery has secured minimal pre-leasing, which could keep pressure on local fundamentals. Even so, the CBD’s vacancy rate of 17 percent has remained below the national average of 19 percent, and firmer business confidence alongside easing monetary policy could reengage corporate users that delayed commitments.