As population growth in Fort Lauderdale continues to stay steady, a 6.1% rise in employment is keeping vacancy tight.
A resurgence of office users in the metro's Class A segment has pushed for rent growth and demand for amenity-rich buildings. That's according to a Q2 Fort Lauderdale Multifamily Market Report by Marcus & Millichap.
The growth has led to investments, in Fort Lauderdale which is seeing an 87% uptick compared to 2021, with an increase in both luxury and Class B/C closings.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Melea VanOstrand
Melea VanOstrand oversees the Daily Business Review as ALM's Florida Bureau Chief. Email Melea at [email protected] or follow her on her Twitter or Facebook pages.
