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Downtown continued

Downtown Fort Lauderdale boasts a strong multifamily market Community
with continued growth in its future. While rental rates have The variety of developments across Fort Lauderdale present
risen over the past year across South Florida, Downtown Fort multiple options for how people can live in Downtown Fort
Lauderdale’s 21 percent year-over-year increase in rent was a Lauderdale. From luxury developments such as Alluvion Las
full 10 percentage points less than Miami’s rent growth over Olas, one of the tallest apartment towers in Fort Lauderdale, to
the same period. Occupancy rates are also higher in Society Las Olas, an upscale co-living development with an
Downtown Fort Lauderdale than anywhere else in the tri- art-filled atmosphere and ample common areas, new
county area, leaping from 92.8 percent to 98.7 developments are catering to young professionals who seek
percent–nearly 100 percent occupancy–in only a year. the live-work-play lifestyle these mixed-use communities offer.
What these numbers show is that Downtown Fort Lauderdale, New townhomes, condos, and loft-style apartments are also
with its overwhelming demand and young, affluent population, attracting and retaining families as the city evolves, providing
has become a key market for residential and commercial close proximity to all the amenities Downtown offers.
development. In conjunction with its proximity to a coveted
beach and numerous restaurants, these factors have propelled Investment
Downtown to the forefront of city living and positioned it as a With most stabilized properties at full occupancy, investors
location people want to not only visit, but also plant roots in for are attracted to the prospect of developing new projects to
years to come. This can also be seen in the swell of shape the future of Downtown Fort Lauderdale and being part
developments scheduled for delivery to Fort Lauderdale in the of its transformative growth. The growth in downtown has
year ahead, including Registry Las Olas, Quantum at Flagler, been fueled by investments from major institutional investors
Poinciana Crossing, RD at Flagler, and Fairfield. who appreciate Fort Lauderdale’s strength, stability and

By Sublime Imagery/Fort Lauderdale DDA

26 LAS OLAS BOULEVARD & ISLES