The typical asking rate per listing is in the $30's per square foot per year. The Downtown Fort Lauderdale submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $11 per sqft per year. That's a 36% rise in rent.
Compared to the rest of the Gold Coast market, the Downtown Fort Lauderdale submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 15 listings have been posted online, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 13% of the available leases in the Downtown Fort Lauderdale are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,050 sqft. Most properties in this area are around 17 stories. Most buildings in this region were built in 1990 and are Class A.
This region is fairly equally mixed residential and commercial. Real estate is the dominant industry in this region. Most of the residents of Downtown Fort Lauderdale work from home. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.