Fort Lauderdale FL:

The city of Flt Lauderdale is consistently seeing commercial development in both the downtown and greater metropolitan area. With such a high reliance on tourism, the area sees a great deal of growth in key areas. Most recently an integration of retail and residential space has been a key investment for the city. Office vacancy rates hover around 20%. For people looking to start a business or for quality office space in the area will find a great amount of options. Many different spaces abound in terms of retail offices, warehouse options, and so much more. The prices found in a recent search of vacancies have shown prices around $1 a square foot for 1,000 square feet and more, and are relatively the same as many other large cities. There are also many executive office suites available in the skyline of Ft. Lauderdale with great amenities and amazing views; they start around $600 a month, with many office spaces that are move-in ready. We can also help you find a furnished office suite in Jacksonville, Miami, Tampa Bay, and Orlando.

Office Suites Lease:

How long have you been in business? Are you a new company? Whatever your situation is, you need to plan ahead and decide what type of lease (or rental agreement) you will agree to. For newer companies the best idea is to sign a shorter lease - like say 6-12 months (maybe even monthly if possible), because this will give you flexibility. Of course if you find an amazing deal on a commercial building, or office park that offers free move in, free months rent, or any other promotion, then you should consider that. On the other hand, if you have an established business that has a bright future, you should try to sign a long term rental lease - say 24 months or longer - since you will typically get a big discount on your lease. Learn more about the local commercial markets in Florida by checking out our office suites articles section.

Population / Economy:

The coastal city of Fort Lauderdale is one of the larger cities in Florida. It has an estimated population around 183,606 and 5.4 million people in the greater metropolitan area. The city is one of the largest areas for yachting and houses roughly 42,000 resident yachts in over 100 marinas and boatyards. It is roughly 23 miles north of the Miami area. The area has a large tourist and entertainment district with roughly 4100 restaurants and 120 nightclubs.
The economic picture of Ft. Lauderdale is heavily reliant on tourism. It has been one of the largest spring break destinations for college students, and is one of the largest areas for Cruise ship launches. While it still attracts millions of college students a year, the more affluent society that has called the area home have made the area one of the biggest destinations for boating. Aside from tourism, the area is home to a lot of big companies, including AutoNation, DHL Express, Spirit Airlines, National Beverage Corporation, Tenet Healthcare and many other companies. The Ft Lauderdale area has an unemployment rate of 8% and is slightly higher than the national average.

Culture / Crime:

The city does not have any professional sports teams. However, being so close to Miami, means that residents of Ft Lauderdale can see a championship tradition of professional sports with The Miami Heat, The Miami Dolphins, The Miami Fusion, and many more opportunities. The area does have a famed International Swimming Hall of Fame, as well as a major Aquatic Complex that has been the scene for many broken swimming records, including several to Michael Phelps.
The crime rate of Ft Lauderdale is 77 per 1,000 residents and hosts many save areas in the greater metropolitan and suburban areas. Despite a relatively high rate of crime, it is shown to be less than Miami’s crime rate, which is higher. Due to the large influx of affluence to the area, the crime rate appears to be starting to drop, especially with more funds dedicated to the law enforcement agencies in the area.