That frame rate is really good.
I'm not sure what the FPS limitation to the Fortnite rendering engine is, but most engines for most games caps out at 200fps when optimized correctly and sits a little lower when not optimized well.
At the same time you are experiencing low GPU usage, yet you are not experiencing low FPS.
However, assuming that the maximum FPS that the game is capable of is higher than what you are getting, then that in and of itself would signify a problem with something somewhere that is causing the GPU utilization to fall short.
Normally this will happen if the CPU just isn't capable of handling the load and it's pegged in the high 90's to 100% but you say that CPU utilization is also pretty low, which would mean something else is causing a limitation.
It has been noted that with some games, when played at 1080p on the 2080Ti as high end as it is, causes a bottleneck not in the hardware but in the software which makes things get a bit wonky.
But as it stands, your frame rate is fantastic at 1080p and max graphics all around.
So the question now is this:
Are you not satisfied with the performance results or are you just being curious as to why you are seeing usage levels the way they are right now?
One way we can test if there actually is something wrong with hardware is if you happen to have access to a much more demanding title that you can load up and crank the settings on and then see what the usage goes up to at that point, and keep tabs on the frame rates as well to see if things are matching up as expected.
Obviously you don't have a higher resolution monitor available otherwise you would probably be using it instead of the 1080p one.
But if you perhaps happen to have a 4K TV you can try plugging into it and running your desktop and in game resolution at both 1440p and 2160p and take a look at the results you get from that as well.
If all looks good then it's clearly just a thing with 1080p on Fortnite, otherwise, if things don't change then we can start troubleshooting some things to find out what is causing the limitation.
And if things end up looking good, then it might end up being time to look into getting a 1440p monitor and preferably one with G-Sync.