Fort Lauderdale, FL Multifamily Market Report | Cushman & Wakefield | Q1 2026

Market Overview

‍Broward County's multifamily market entered Q1 2026 with improving absorption momentum as the county continued to work through the 26,500 units delivered over the past five years. Total inventory reached 108,661 units following 1,515 deliveries across four projects during the quarter, one of the market's highest quarterly totals. Units under construction fell to approximately 6,000, the lowest level since 2020, though nearly 3,400 additional units are slated to be delivered by year-end. Net absorption totaled 856 units in Q1, with Central Fort Lauderdale and Hollywood/Dania Beach accounting for 57% of total market gains. Stabilized occupancy rose 20 basis points quarter-over-quarter to 93.5%, snapping three consecutive quarters of decline, with five of nine submarkets recording occupancy gains. Central Fort Lauderdale stood out, with occupancy climbing 60 basis points to 94.4%, its highest level in two years. Overall, effective rent closed the quarter at $2,445 per unit, down 0.9% year-over-year but up 1.3% from the prior quarter, driven by a surge in Class A deliveries that pushed Class A rents to $2,811 per unit. Oakland Park/Lauderhill was the only submarket to post annual rent growth, up 1.5% year-over-year to $2,053 per unit. Notable Q1 sales included The Rise Flagler Village (348 units, $108M) and Avana New River (316 units, $96.3M).

‍About Cushman & Wakefield

‍Cushman & Wakefield is a leading global commercial real estate services firm with approximately 53,000 employees across more than 350 offices in nearly 60 countries, reporting $10.3 billion in revenue in 2025. Their quarterly Broward County Multifamily MarketBeat report tracks occupancy, absorption, effective rents, deliveries, and construction activity across nine submarkets to help owners, developers, and investors assess market conditions and opportunities. To read the full report, click here.