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 increased $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 make a great offer to be in this hot submarket.
In the last 90 days, 11 listings have come on the market, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 18% of the office spaces in the Downtown Fort Lauderdale are subleases, so you might be able to snag a great spot on a short term. 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 region are around 17 stories. Most buildings in this region were built in 1990 and are Class A.
This market 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.