In the 2018 edition of Price Waterhouse Coopers (PwC) “Emerging Trends in Real Estate” Fort Lauderdale is ranked as one of the most desirable markets for real estate investment. Fort Lauderdale moved up from Number 35 in 2017 to Number 6 in 2018. Out of the 78 markets analyzed in the study, Fort Lauderdale accounted for the largest increase year-over-year. The study used a combination of extensive surveys, interviews, and market focus groups. The study cited “positive sentiment for multi-family, industrial, and single family development, a strong local economy, strong investor demand, and capital availability.”
Other positives included a 12.4 percent increase in population growth for the 15-34 age group. Disposable income increased by 8.6 percent over the last five years. Also,13.4 percent of the companies are less than three years old reflecting a robust economy and Fort Lauderdale’s attractiveness for new businesses. Companies were, and continue to be, attracted to Fort Lauderdale’s transportation advantages including proximity to international airports, proximity to Port Everglades, a robust marine sector, major road networks, a desirable workforce, the availability of attractive and affordable housing, cultural and social amenities, and a first class environment with beautiful beaches, many navigable waterways, and an ideal climate.
Other factors which helped propel Fort Lauderdale to the Number 6 position included high scores for both cultural and outdoor activities, the availability of Class A office space, and new luxury and mid-priced hotels. Fort Lauderdale’s retail market is also thriving with over 2.6 million square feet of commercial space completed or under construction. The restaurant scene is also booming with approximately 1,000 restaurant seats and more to be added in the coming months.
Considering so many positive factors, it is no wonder that Fort Lauderdale is increasingly attractive to incoming residents, investors, and businesses.