The typical asking rate per listing is in the $20's per square foot per year. The Downtown Fort Lauderdale submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 15% decline in rent.
Compared to the rest of the Gold Coast market, the Downtown Fort Lauderdale submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 55 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the office spaces in the Downtown Fort Lauderdale are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,220 sqft. Most buildings in this market are approximately 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 occupants 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.