MARKET TRENDS
- Asking rents continue to climb despite softer demand, buoyed by a constrained supply pipeline
- Tenants are increasingly favoring premium, move-in-ready class A space, shifting demand away from older, less differentiated stock
- Development activity remains muted, with just one major project expected to break ground within the next year: T3 FAT Village in Downtown Fort Lauderdale, totaling 176,000 square feet (sf)