Broward County, FL Multifamily Market Report | Cushman & Wakefield | Q4 2025

Market Overview

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Broward County absorbed 3,397 multifamily units in 2025, the third-highest annual total in market history, yet supply continued to outrun demand. With absorption trailing new deliveries in five of the past six years, stabilized occupancy declined for the third consecutive quarter, falling 80 basis points year-over-year to 93.2%. Hollywood/Dania Beach bore the sharpest impact, dropping 330 basis points after a record delivery cycle. Overall effective rent slipped 0.4% annually to $2,423 per unit, with five of nine submarkets posting year-over-year declines as concessions increased. Class A product proved more resilient, rising 0.4% to $2,801 per unit. An additional 6,886 units remain under construction, with Central Fort Lauderdale holding the largest concentration, extending near-term supply pressure into 2026. Strong renter demand and improving economic conditions are expected to support a gradual occupancy and rent recovery as the market absorbs the current pipeline.

‍About Cushman & Wakefield

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Cushman & Wakefield is a global commercial real estate services firm with approximately 52,000 employees across 60 countries and $9.4 billion in revenue. Their Broward County Q4 2025 multifamily MarketBeat covers stabilized occupancy, effective rents, net absorption, and construction activity across nine submarkets to help owners and investors assess South Florida market conditions. To read the full report, click here.