Fort Lauderdale office valuations adjust to market conditions

• Office valuations continue to evolve as the Capital Markets environment remains fluid with the Federal Reserve holding rates steady through the halfway point in 2024. Transaction activity year-to-date totals $115 million, compared to $231 million in 2023.  
• In Fort Lauderdale, there has been a 24% year-over-year increase in the number of office transactions between $100 and $150 per square foot (psf) as buyers and sellers grapple with price discovery.  
• The average office sale price psf has decreased by 12%, reaching $211 psf.

June 24, 2024

Additional resources

• Fort Lauderdale's latest office market report
• The need for smaller offices remains strong in Fort Lauderdale

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