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 increased $7 per sqft per year. That's a 17% rise in rent.
Compared to the rest of the Gold Coast market, the Downtown Fort Lauderdale region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 15 listings have come on the market, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 13% 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,790 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are close to 17 stories. 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 market. 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.