On average, listings lease in the $30's per square foot per year. The Downtown Fort Lauderdale region is seeing a an increase in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 7% rise in rent.
Compared to the rest of the Gold Coast market, the Downtown Fort Lauderdale submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 15 listings have come on the market, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 13% of the listings 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 available, 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 market are around 17 stories. Most buildings in this area were built in 1990 and are Class A.
This area is fairly equally mixed residential and commercial. Real estate is the dominant industry in this region. Most of the folk 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.