Fortunately, Fort Lauderdale made it through Hurricane Irma relatively unscathed. We were fortunate, given the original path of the storm. Our thoughts and prayers go to those still suffering from the effects of this hurricane, as well as Hurricane Harvey. We also give thanks to first responders, volunteers and those who help during events such… read more.
Fort Lauderdale’s downtown is increasingly becoming an attractive place where people can reside, work, and play without having to commute. To make the downtown a more pedestrian friendly and safer area, the City Council is proposing a change to the Las Olas Boulevard corridor. Between SE 6th Ave and SE 11th Ave (from the Laura… read more.
Fort Lauderdale is a city on the rise with annual employment growth exceeding 3.5%, which is well above the national average. In April 2017, Fort Lauderdale ranked first (tied with Dallas) as the metropolitan region with the highest year-over-year job growth in the nation, according to the U.S. Bureau of Labor Statistics. The business and… read more.
The South Florida real estate market is something of a riddle these days. Some values are going up while other values are coming down. Some low and mid-priced properties are selling quickly while some high-end properties are staying on the market longer. The demand from foreign investors, who were feverishly buying properties in record numbers… read more.
Fort Lauderdale has seen a great deal of residential development with much of the attention focused on luxury high-end condos along with more affordable apartments. However, retail properties along the beach have recently peaked the interest of investors. In March, an investor paid $7 million for the land underneath the Elbo Room. Also, the Aquatic… read more.
Fort Lauderdale continues to emerge as a world class city and is recognized as such by both international and domestic visitors and investors. The expansion of the Fort Lauderdale Hollywood International Airport is attracting worldwide visitors and most recently Emirates is offering daily non-stop service to Fort Lauderdale from Dubai. Fort Lauderdale’s robust economic growth… read more.
Miami has been at the epicenter of high-end luxury real estate for many years. However, due to rising values over the last couple of years, the market has shifted north to Broward County. The Fort Lauderdale real estate market has been evolving and growing for almost a decade and there is still ample upside potential…. read more.
Fort Lauderdale continues to shine as one of the strongest real estate markets in South Florida. “The median price in Fort Lauderdale is a record [$305,000] going back at least 10 years, blending of homes and condos. That’s something we’re not seeing in most of the other markets,” as quoted by Jonathan Miller of Miller… read more.
For many years, foreign buyers invested heavily in South Florida real estate, preferring residential investments over commercial investments. Residential investments are relatively easy to buy and sell, whereas commercial investments are longer term commitments and can be more complicated to sell. Residential purchases can also provide a home and a lifestyle that investors can enjoy… read more.
2016 was a year that the South Florida real estate market saw slowing sales, especially in the luxury condominium market. Developers are now being more realistic with their pricing and putting new projects on hold. The impact of a strong U.S. dollar compared to foreign currencies reduced the buying power of some international buyers. The… read more.