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Broward County Office Market Report Q2 2026
Broward County Office Market Report Q2 2026
Berger Commercial Realty’s quarterly overview of Broward County office market conditions, including vacancy, asking rents, absorption, availability, inventory, top sales, top leases and the key trends shaping the South Florida office sector.
Published July 20, 2026 | Commentary by Lloyd C. Berger, SIOR, President | Data provided by CoStar Group
The Broward County office market showed signs of stabilization in the second quarter of 2026 as occupancy trends improved following the substantial space givebacks recorded at the beginning of the year. Tenant demand remained selective, but positive absorption and modest declines in vacancy and availability indicated that the market began to regain some balance.
In Q2 2026, Broward County recorded approximately 74.3 million square feet of office inventory. The market posted a 10.2% vacancy rate, average asking rents of $42.34 per square foot and an availability rate of 9.5%. Net absorption totaled positive 18,199 square feet, reversing the negative absorption recorded in Q1 and indicating that tenant move-ins modestly outpaced move-outs during the quarter.
Q2 2026 at a Glance
- Net absorption returned to positive territory at 18,199 square feet, up from negative 274,878 square feet in Q1.
- Vacancy declined 10 basis points to 10.2%.
- Availability edged lower to 9.5% from 9.6%.
- Average asking rent held effectively flat at $42.34 PSF, down just $0.05 from Q1.
- No new office space delivered — the fifth consecutive quarter with zero deliveries.
- Total inventory held at 74,281,182 square feet, with 65,759,892 square feet occupied.
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10.2%
Vacancy Rate
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9.5%
Availability Rate
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$42.34
Avg. Asking Rent PSF
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+18,199 SF
Net Absorption
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0 SF
New Deliveries
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74.3M SF
Office Inventory
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Download the Full Broward County Office Market Report
Click below to download the full Q2 2026 Broward County Office Market Report, including detailed market data, vacancy and availability trends, asking rents, absorption, top sales, top leases and additional office market insights.
Broward County Office Market Overview
Broward County remains one of South Florida’s most important office markets, positioned between Miami-Dade and Palm Beach counties and supported by a diverse business base, major transportation corridors, executive housing, legal and financial services, healthcare users, professional firms and regional corporate operations.
The office market is no longer driven by space needs alone. Tenants are looking more closely at building quality, parking, access, amenities, operating costs and the overall experience a property can provide for employees and clients.
Properties that offer strong access, professional management, convenient parking and modernized space remain better positioned than older or less competitive assets. The old rule still holds: location matters. But in today’s market, quality and functionality matter just as much. Owners can review our
landlord representation and
property management services, while occupiers can start with
tenant representation.
What the Q2 2026 Data Shows
Broward County recorded positive net absorption of 18,199 square feet in Q2 2026, a notable improvement from negative 274,878 square feet in Q1. The return to positive absorption indicates that tenant move-ins modestly outpaced move-outs during the quarter, reversing the significant space givebacks recorded at the beginning of the year.
Some caution is warranted. Six of the past eight quarters have shown negative net absorption, so this is a trend worth watching closely. Working in the market’s favor is the supply picture: no new inventory has delivered in the past five quarters, and only 22,536 square feet across the past eight, which helps limit the risk of further negative absorption.
Vacancy declined slightly to 10.2%, a 10-basis-point decrease from 10.3% in Q1, while availability edged lower from 9.6% to 9.5%. These movements are modest, but the simultaneous improvement in absorption, vacancy and availability suggests the market began to regain balance during the second quarter.
Average asking rents remained effectively unchanged at $42.34 per square foot, down $0.05 from $42.39 in Q1. Quality office space in desirable locations continues to command strong pricing, and landlords are competing through concessions, tenant improvement allowances and flexible lease structures rather than cutting advertised rates.
“Absorption turned positive, vacancy came down and rents held firm — three things moving the right way in the same quarter. The bigger story is supply: nothing new has delivered in Broward in five quarters. When a 97,892 square foot building at 4000 Coral Ridge leases in full and no one is adding inventory, the existing stock gets absorbed. That is how this market works its way back.”
Lloyd C. Berger, SIOR
President | Berger Commercial Realty
Broward County Office Key Indicators
| Quarter | RBA | Vacancy Rate | Market Asking Rent | Availability Rate | Net Absorption SF | Deliverables SF | Total Occupied SF |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 74,281,182 | 10.2% | $42.34 | 9.5% | 18,199 | 0 | 65,759,892 |
| Q1 2026 | 74,281,182 | 10.3% | $42.39 | 9.6% | (274,878) | 0 | 65,747,348 |
| Q4 2025 | 74,281,182 | 9.9% | $41.54 | 9.2% | (68,558) | 0 | 66,263,910 |
| Q3 2025 | 74,281,182 | 9.8% | $40.07 | 9.1% | 104,004 | 0 | 66,315,288 |
Data provided by CoStar Group. Figures for prior quarters reflect current CoStar revisions and may differ from previously published reports.
Broward County Office Asking Rent Per SF
Asking rental rates in the Broward County office market remained relatively stable in Q2 2026, with average full-service rents declining slightly to $42.34 per square foot from $42.39 per square foot in Q1. The marginal $0.05 quarter-over-quarter decrease reflects steady pricing conditions despite elevated vacancy and continued caution among office users.
The limited movement in asking rents suggests landlords have largely maintained pricing expectations rather than responding to softer occupancy conditions through widespread rate reductions. With vacancy ending the quarter at 10.2%, owners continue to compete for a selective tenant pool, but pricing adjustments are increasingly taking place through concessions, tenant improvement allowances, free rent and flexible lease structures rather than significant reductions in advertised asking rates.
The ongoing flight to quality continues to influence rental performance across the market. Class A and recently renovated office properties offering modern amenities, efficient layouts and desirable locations remain better positioned to preserve rental rates and capture leasing demand. Conversely, older and less amenitized buildings face greater pressure to differentiate through capital improvements, aggressive leasing packages and more competitive economics.
Tenant decision-making also remains highly cost-conscious, with occupiers carefully evaluating total occupancy costs and the long-term efficiency of their space. This dynamic has reinforced a widening performance gap between high-quality assets and aging inventory, as tenants increasingly prioritize move-in-ready space and buildings capable of supporting evolving workplace requirements.
Overall, Q2 rental trends reflect a Broward County office market holding relatively firm on asking rates despite elevated vacancy. With rents effectively unchanged quarter-over-quarter, rental performance remains increasingly dependent on asset quality, location and landlords’ ability to strategically position properties in a competitive leasing environment.
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$42.34
Q2 2026 Asking Rent PSF
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-0.1%
Quarter-Over-Quarter Change (-$0.05 PSF)
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+5.7%
Change Q3 2025 – Q2 2026 (+$2.27 PSF)
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Q2 2026
Peak Asking Rent ($42.34)
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Key Trends in the Broward County Office Market
Positive Absorption Signals Stabilization
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No New Supply in Five Quarters
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Tenant Selectivity Remains High
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Asking Rents Remain Stable
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Vacancy and Availability Both Eased
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Quality Buildings Remain Competitive
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Top Broward County Office Sales, Q2 2026
| Property | Address | Price | Price/SF | Size |
|---|---|---|---|---|
| 3975 NW 120th Ave Part of a 2-property sale |
3975 NW 120th Ave, Coral Springs, FL 33065 | $36,500,000 | $177.51 | 205,628 SF |
| Wilton Executive Suites | 2312 Wilton Dr, Wilton Manors, FL 33305 | $7,832,800 | $492.69 | 15,898 SF |
| 2690 Weston Rd | 2690 Weston Rd, Weston, FL 33331 | $7,400,000 | $403.95 | 18,319 SF |
| Coral Ridge Office Center | 3696 N Federal Hwy, Fort Lauderdale, FL 33308 | $6,960,000 | $214.49 | 32,445 SF |
Data provided by CoStar Group. Portfolio transactions reflect total portfolio price and size.
Top Broward County Office Leases, Q2 2026
| Property | Address | Building Size | SF Leased |
|---|---|---|---|
| 4000 Coral Ridge Dr Full-building lease |
4000 Coral Ridge Dr, Coral Springs, FL 33065 | 97,892 SF | 97,892 SF |
| 3975 NW 120th Ave | 3975 NW 120th Ave, Coral Springs, FL 33065 | 107,736 SF | 50,991 SF |
| Fort Lauderdale Landings | 1515 W Cypress Creek Rd, Fort Lauderdale, FL 33309 | 101,469 SF | 50,734 SF |
Data provided by CoStar Group. Browse current availabilities on our
property search.
What This Means for Owners and Tenants
For Property Owners
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For Tenants
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Broward County Office Market Outlook
Q2 2026 reflected a more stable Broward County office market, characterized by positive absorption and incremental improvements in vacancy and availability. The quarter’s performance does not yet signal a broad demand recovery, but it points to a moderation in the tenant space reductions that weighed on the market earlier in the year.
Leasing activity will likely continue to vary by submarket, building class and property quality. Well-located and modernized office assets with strong ownership and professional management remain best positioned to capture demand from tenants prioritizing quality, efficiency and flexibility. Older or less competitive buildings may need to adjust pricing, improve conditions or rethink positioning.
“Rents are up more than 5% over the past year even with vacancy above 10%, which tells you owners of good buildings are holding their ground. The negotiation has moved from face rate to concessions and improvement dollars. Tenants who understand that are getting real value in this market right now.”
Lloyd C. Berger, SIOR — President, Berger Commercial Realty
The market is not simply weak or strong. It is divided. Quality, location and strategy are separating the winners from the rest.
View all Q2 2026 Broward and Palm Beach County market reports →
Broward County Office Market FAQ
What was the Broward County office vacancy rate in Q2 2026?
The Broward County office vacancy rate was 10.2% in Q2 2026, a 10-basis-point decrease from 10.3% in Q1 2026. Vacancy had risen from 9.8% in Q3 2025 before easing this quarter.
What was the average asking rent for Broward County office space in Q2 2026?
The average full-service asking rent was $42.34 per square foot in Q2 2026, down just $0.05 from $42.39 in Q1 2026. Rents are up 5.7%, or $2.27 per square foot, since Q3 2025.
What was Broward County office net absorption in Q2 2026?
Broward County recorded positive net absorption of 18,199 square feet in Q2 2026, a notable improvement from negative 274,878 square feet in Q1 2026. Tenant move-ins modestly outpaced move-outs during the quarter.
How much new office space has been delivered in Broward County?
None in the past five quarters. Only 22,536 square feet has delivered across the past eight quarters, which helps limit the risk of further negative absorption as tenant demand is concentrated within existing buildings.
How much office inventory does Broward County have?
Broward County recorded 74,281,182 square feet of office inventory in Q2 2026, or approximately 74.3 million square feet, of which 65,759,892 square feet was occupied.
What was the Broward County office availability rate in Q2 2026?
The availability rate was 9.5% in Q2 2026, down from 9.6% in Q1 2026. Availability easing at the same time as vacancy and absorption improved suggests the market began to regain balance.
What was the largest Broward County office sale in Q2 2026?
3975 NW 120th Ave in Coral Springs traded as part of a two-property sale totaling $36,500,000, or $177.51 per square foot across 205,628 square feet.
Is now a good time to lease office space in Broward County?
Tenants retain meaningful leverage with vacancy at 10.2%, but that leverage shows up in concessions, tenant improvement allowances and free rent rather than in advertised rates, which have held firm. Tenants should negotiate on total occupancy cost rather than expecting face-rate reductions.
What types of office properties are better positioned in Broward County?
Class A and recently renovated properties with strong access, professional management, convenient parking, modernized space and quality amenities are better positioned. The flight to quality has widened the performance gap between high-quality assets and aging inventory.
Where can I download the full Broward County Office Market Report Q2 2026?
The full report is available as a free PDF download from Berger Commercial Realty. Download the Q2 2026 Broward County Office Market Report.
Related Market Reports and Resources
- Broward County Office Market Report Q1 2026 — the prior quarter’s vacancy, rent and absorption data.
- Palm Beach County Office Market Report Q2 2026 — how the neighboring county’s office market performed over the same quarter.
- All Q2 2026 Broward and Palm Beach County market reports — office and industrial across South Florida.
- Commercial real estate brokerage in South Florida
- Commercial property management services
- Search available office properties
- Receivership and special asset services
Need Broward County Office Market Guidance?
Berger Commercial Realty provides commercial real estate brokerage, property management and receivership services throughout Broward County and South Florida. Whether you are leasing office space, evaluating your building’s performance, preparing to sell, repositioning an asset or reviewing your property management strategy, our team can help you make informed real estate decisions.
Fort Lauderdale office: 550 S. Andrews Avenue, Suite 400, Fort Lauderdale, FL 33301 |
954.358.0900
Data provided by CoStar Group. Prior-quarter figures reflect current CoStar revisions.