The typical asking rate per listing is in the $40's per square foot per year. The Downtown Fort Lauderdale region is going through a an increase in rates. In the last 3 months, the median rate went up $45 per sqft per year.
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 240% of the available space 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,350 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are around 17 floors. Most buildings in this area 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 area. 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.