What You’ll Learn:
- The pandemic has driven migration to South Florida. Why are people choosing Fort Lauderdale over Miami and Palm Beach to live?
- According to Marcus & Millichap’s 2021 Hospitality report, Fort Lauderdale was one of the nation’s top 10 “Getaway Destinations”. What does the hospitality sector offer and a look at its continued growth.
- While overall office vacancy has increased slightly, this is largely due to the delivery of new office space. Will this help rental rates increase for owners yet keep them at competitively lower rates than other areas in South Florida? What other impacts will the demand and delivery have on the office market?
- Fort Lauderdale has not seen the same new-to-market increase in tenants as other cities in South Florida, however, it is attracting relocations from around the area. What is attracting these companies to relocating HQs to Fort Lauderdale and what is needed to increase this migration?
- Industrial leasing activity in Fort Lauderdale in 2021 drastically outpaced activity from 2020, and net absorption reached a record high. What are the main drivers of success for this asset in the market? Will there be enough demand in 2022 to fill this space?
