On average, listings lease in the $30'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 fell $7 per sqft per year. That's a 15% decline in rent.
Compared to the rest of the Gold Coast market, the Downtown Fort Lauderdale region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 15 listings have been posted online, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 100% of the listings in the Downtown Fort Lauderdale are subleases, so you might be able to sign a shorter term by taking over a previous 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 1,840 sqft. Most buildings in this market are close to 17 floors. Most buildings in this market were built in 1989 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.