Fort Lauderdale Industrial & Warehouse Market Report | Q3 2026
Last updated: November 11, 2026
Key Takeaways
- Broward County industrial vacancy rose 20 basis points to 5.7% in Q3 2026, its highest level since year-end 2020 but still below the 6.8% U.S. rate, according to Cushman & Wakefield.
- Nearly 1.8 million SF has delivered since the start of 2025, and almost 76% of it was still unoccupied at the end of Q3.
- The overall asking rent was $17.32/SF/yr NNN, down 2.0% from Q2 but up 6.9% on the year. Pompano Beach led rent growth, up 18.7% to $18.36.
- Almost 2.4 million SF of renewals signed through Q3 already tops the 10-year annual high set in 2020, while new leasing slowed to just under 1.6 million SF year to date.
Browse warehouse space for rent in Fort Lauderdale
5.7%
Overall Vacancy (Q3 2026)
$17.32
Avg. Asking Rent ($/SF/yr NNN)
387K
SF Net Absorption, Year to Date
759K
SF Under Construction
The Fort Lauderdale industrial market, which Cushman & Wakefield tracks as Broward County, stayed tight in Q3 2026 even as new buildings pushed vacancy up. Vacancy reached 5.7%, absorption was positive for a third straight quarter and asking rents held at $17.32/SF/yr, up 6.9% on the year. The next large wave of supply is not due until late 2027.
Figures are from Cushman & Wakefield’s Q3 2026 Broward Industrial MarketBeat unless noted. The series covers Broward County, 94.7 million SF. Miami-Dade and Palm Beach counties are tracked separately. Rents are weighted net asking rents in $/SF/yr. C&W’s national tables restate Broward’s Q2 2026 vacancy at 5.4% and Q3 2025 at 4.4%; changes below are as the Broward report states them.
Market Snapshot: Q3 2026
| Metric | Q3 2026 | Change or note |
|---|---|---|
| Overall vacancy | 5.7% | Up 20 bps QoQ and 120 bps YoY |
| Overall asking rent ($/SF/yr NNN) | $17.32 | Down 2.0% QoQ; up 6.9% YoY |
| Warehouse/distribution asking rent | $17.26 | W/D vacancy 6.4% |
| Net absorption, Q3 | 117,837 SF | Third straight positive quarter |
| Net absorption, year to date | 386,937 SF | |
| New leasing, year to date | 1,592,186 SF | Excludes renewals of almost 2.4M SF |
| Deliveries, year to date | 510,487 SF | Nearly 1.8M SF since the start of 2025 |
| Under construction | 758,803 SF | Next major wave due late 2027 |
| Inventory | 94.7M SF | 72.7M SF is warehouse/distribution |
Source: Cushman & Wakefield, Broward Industrial MarketBeat Q3 2026.
On the capital side, C&W lists two Q3 sales. Industrial Development Company sold the Lyon Business Park portfolio in Coral Springs/Margate, 356,100 SF, to CIP Real Estate for $99.0 million, or $278 per SF. Link Logistics sold 333 SW 12th Avenue in Deerfield Beach, 290,503 SF, to J.P. Morgan Investment Management for $65.0 million, or $224 per SF.
Rent Trends: $17.32/SF, Up 6.9% on the Year
The weighted average asking rent was $17.32/SF/yr NNN at the end of Q3 2026, down 2.0% from Q2 and up 6.9% from a year earlier. C&W attributes the quarterly dip to the lease-up of top-priced space in recently completed buildings. Only three of the county’s nine submarkets posted annual rent declines, all where new deliveries had since been leased.
By product type, warehouse/distribution space asks $17.26/SF/yr, manufacturing $17.15 and office service/flex $18.08. Pompano Beach led annual growth, with asking rents up 18.7% to $18.36. C&W expects rents to keep fluctuating as new space leases up, with the coming construction lull and strong renewal activity providing support.
For Tenants
Vacancy is the highest since 2020, and most of the newly built space is still empty, so tenants looking at newly built space have more options than they have had in several years. Davie/Plantation/Sunrise (11.5%), Coral Springs/Margate (8.2%) and Pompano Beach (7.5%) have the most room to negotiate. Manufacturing and office service/flex space are much tighter, at 3.2% and 3.4% vacant. Search Fort Lauderdale warehouse listings on WareCRE
Construction Pipeline: 759K SF Underway, Then a Lull
Broward had 758,803 SF under construction at the end of Q3 2026. Apart from the two-building, 180,000 SF Logistics Center at 595, expected to complete by year-end, C&W does not expect the next major wave of supply until late 2027. North Broward holds most of the pipeline, with 483,806 SF underway in Pompano Beach.
Deliveries totaled 510,487 SF through Q3, including the final two buildings at Cocomar Business Park, which pushed North Broward vacancy up 260 bps over the year to 6.9%. C&W expects the gap before the next wave to give the market time to absorb recent completions.
For Owners
The near-term task is leasing up the nearly 1.8 million SF delivered since early 2025. With renewals at a 10-year high and new leasing slower, expect tenants to use the new space as leverage in renewal talks. The lull in deliveries until late 2027 favors owners of well-located space that can hold rents through the lease-up.
Submarket Breakdown
| Cluster | Inventory | Vacancy | Asking rent ($/SF/yr) | Under construction |
|---|---|---|---|---|
| North Broward | 41.3M SF | 6.9% | $17.34 | 483,806 SF |
| Southwest Broward | 18.5M SF | 6.9% | $17.69 | 0 SF |
| Southeast Broward | 17.7M SF | 3.5% | $17.66 | 182,773 SF |
| Central Broward | 17.2M SF | 3.6% | $15.93 | 92,224 SF |
| Broward total | 94.7M SF | 5.7% | $17.32 | 758,803 SF |
Source: Cushman & Wakefield, Broward Industrial MarketBeat Q3 2026.
North Broward (Pompano Beach, Deerfield Beach, Coral Springs/Margate)
North Broward is the largest cluster, at 41.3 million SF, and has the most new supply. Pompano Beach, 22.9 million SF, is 7.5% vacant and asks $18.36/SF/yr after the county’s strongest rent growth. Coral Springs/Margate is 8.2% vacant after 374,913 SF of completions this year. Deerfield Beach is tighter at 3.9% and asks $17.45.
Southwest Broward (Pembroke/Miramar/Weston, Davie/Plantation/Sunrise)
Southwest Broward led Q3 absorption with 159,654 SF. Ontic’s full-building backfill in Pembroke/Miramar/Weston was the quarter’s largest occupancy, and the submarket is 5.1% vacant at $16.75/SF/yr. Davie/Plantation/Sunrise is the county’s loosest submarket at 11.5% vacancy and asks $18.65.
Central and Southeast Broward
The areas around Fort Lauderdale, the airport and the port are the tightest in the county. Central Broward is 3.6% vacant at $15.93/SF/yr, and Southeast Broward is 3.5% vacant at $17.66, with 182,773 SF under construction.
Small-Bay and Flex Space in Fort Lauderdale
C&W does not publish a small-bay breakout for Broward. Its product-type split shows where space is tightest. Office service/flex space, 12.0 million SF, is 3.4% vacant and asks $18.08/SF/yr, and manufacturing space is 3.2% vacant. Both are far tighter than warehouse/distribution at 6.4%, and none of the space under construction falls in either category.
Typical small-format users in Broward include e-commerce sellers serving South Florida, marine and aviation suppliers near Port Everglades and Fort Lauderdale-Hollywood International Airport, contractors and distributors. For how small-bay space is defined and priced nationally, see our small bay industrial guide.
Looking for warehouse space in Fort Lauderdale?
Browse Fort Lauderdale ListingsKey Trends to Watch
1. New Supply Is Leasing Slowly
Almost 76% of the nearly 1.8 million SF delivered since the start of 2025 was unoccupied at the end of Q3. That is the main driver of the 120 bps annual rise in vacancy, and the pace of lease-up will decide whether vacancy peaks in 2026.
2. Renewals Hit a 10-Year High
As pandemic-era leases come due, renewals reached almost 2.4 million SF through Q3, already above the 10-year annual high recorded in 2020. The largest Q3 deals were renewals by Amazon (178,322 SF in Coral Springs/Margate) and Stanley Black & Decker (150,000 SF in Pembroke/Miramar/Weston). Chadwell Supply’s 125,077 SF lease in Pembroke/Miramar/Weston was the largest new deal.
3. Rents Are Holding Despite Higher Vacancy
Asking rents are up 6.9% on the year even with vacancy at its highest since 2020. The Q2-to-Q3 dip reflects expensive new space leasing up; only three of nine submarkets posted annual declines.
Outlook: What to Watch in Early 2027
C&W’s year-end 2026 MarketBeats are typically released in January. Three measures will show where Broward is heading.
- Lease-up of recent deliveries. If the share of unoccupied new space falls well below 76%, vacancy should level off.
- The Logistics Center at 595. Its 180,000 SF is the last notable delivery before late 2027.
- Rents. A second quarterly decline would suggest the lease-up is pulling the average down further; a rebound would confirm C&W’s view that the construction lull supports pricing.
Find warehouse space in Fort Lauderdale
Browse small-bay, flex and distribution listings across Broward County.
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Frequently Asked Questions
What is the current industrial vacancy rate in Fort Lauderdale?
Broward County’s industrial vacancy rate was 5.7% in Q3 2026, up 20 basis points from Q2 and 120 basis points from a year earlier, according to Cushman & Wakefield. That is the highest level since year-end 2020 but still below the U.S. rate of 6.8%. Warehouse/distribution space is 6.4% vacant.
How much does warehouse space cost in Fort Lauderdale?
The overall average asking rent in Broward County was $17.32 per square foot per year NNN in Q3 2026, up 6.9% from a year earlier. Warehouse/distribution space asks $17.26, manufacturing $17.15 and office service/flex $18.08. Pompano Beach asks $18.36 after rising 18.7% over the year.
Which Fort Lauderdale submarket has the highest vacancy rate?
Davie/Plantation/Sunrise has the highest vacancy rate in Broward at 11.5%, followed by Coral Springs/Margate at 8.2% and Pompano Beach at 7.5%. Pompano Beach has the most vacant space in absolute terms, about 1.7 million SF. Southeast Broward, at 3.5%, and Central Broward, around Fort Lauderdale and the airport, at 3.6%, are the tightest clusters.
How much industrial space is under construction in Fort Lauderdale?
Broward had 758,803 SF under construction at the end of Q3 2026, most of it in Pompano Beach. Apart from the 180,000 SF Logistics Center at 595, due by year-end, Cushman & Wakefield does not expect the next major wave of supply until late 2027. Deliveries through Q3 totaled 510,487 SF.
How does Fort Lauderdale compare with Miami for industrial space?
In Q3 2026, Broward County was 5.7% vacant at an average asking rent of $17.32 per square foot per year, while Miami-Dade was 5.6% vacant at $15.16, according to Cushman & Wakefield. Broward rents rose 6.9% over the year while Miami-Dade’s fell 8.5%.
Sources: Cushman & Wakefield, Broward Industrial MarketBeat Q3 2026; Cushman & Wakefield, U.S. Industrial MarketBeat Q3 2026 (national vacancy and restated quarterly tables); Cushman & Wakefield, Miami-Dade Industrial MarketBeat Q3 2026 (comparison). Each report reflects the most recent vacancy, rental, and construction data available at the time of publication.
