Fort Lauderdale Multifamily
Market Report

Newer units see leasing surge. Fort Lauderdale started 2025 with its strongest three-month net absorption total since 2021, driven by employment gains across a broad range of sectors. Metrowide vacancy fell 60 basis points to nearly 5 percent as of March. Both suburban areas and the CBD registered notable quarterly declines. Class A and B assets led the momentum, particularly in Central Fort Lauderdale and Hollywood, where development remains concentrated. Units of the same tiers also attracted renters in outer areas, most notably near Plantation, where demand outpaced a record-high delivery volume early in the year. These trends suggest renter appetite for new apartments is still healthy, even as macroeconomic uncertainty threatens to temper leasing velocity in the months ahead.