Fort Lauderdale industrial real estate market reports
Q3 2024
Fort Lauderdale’s unemployment rate has seen a slight increase over the last year, up 20 basis points, reaching 3.5%. Nonfarm employment growth has remained positive with a 2.7% annual increase. The construction sector experienced a 9.3% increase in employment, while the trade, transportation, and utilities sector saw only a 2.1% rise. In contrast, the manufacturing sector experienced a 1.3% decline in employment.
4 msf
Leasing activity
Leasing activity slowed, reaching 4 million square feet leased year to date.
$16.72 psf
Asking rates
Asking rates saw steady growth, climbing to $16.72 per square foot (psf) NNN as demand remained sluggish.
24k sf
Net absorption
Net absorption remained slightly positive again at 24,000 square feet as tenant activity slowed.
Your source for the latest Fort Lauderdale industrial real estate reports
Stay on top of current trends affecting the industrial real estate sector in Fort Lauderdale. Gain an overall better understanding of Fort Lauderdale's industrial real estate market conditions, so you can better formulate strategies to overcome any obstacle and know how to best invest in industrial real estate in Fort Lauderdale.
Here, you’ll always find the latest industrial real estate market news so you can stay ahead. Come back often to see expert insights on the current and future of Fort Lauderdale's industrial real estate market.