Ft. Lauderdale a destination on the rise
Fort Lauderdale is booming with new developments. It is become a city of choice for savvy investors, a destination on the rise.
The city has seen an amazing transformation over the past few decades. Since the first high rise was built in the 1970’s, more than 17,000 residential units, 7 million square feet of office space, thousands of hotel rooms, and retail, restaurant and entertainment options have been developed or are underway. All this investment activity transformed the atmosphere of Ft. Lauderdale bringing a new life to this vibrant city by the Atlantic Ocean.
Another game changer is Brightline, a train diesel- engines that services between Miami and West Palm Beach with a stop in Ft. Lauderdale, and ultimately Orlando.
Ft. Lauderdale’s transformation to a live/work/play environment, young demographics, strong fundamentals of its office market and a robust commerce center, has attracted many new businesses. From start-ups, co-working spaces to giant companies such as Microsoft, AutoNation, Spherion Corp or Elizabeth Arden, Ft. Lauderdale area is they choice to establish their presence in South Florida.
Fort Lauderdale offers an outstanding quality of life, highlighted by a semi-tropical climate, rich natural beauty and array of cultural, entertainment and educational amenities. Tourism is an important engine to the city economy, total visitors through Fort Lauderdale-Hollywood International Airport rose 11.3% from 2016 to 2017, to 32.5 million. In addition, JetBlue, Southwest and Emirates have launched new routes within the past year to and from Fort Lauderdale, expanding the potential visitor market, an added boost to area residents for business and leisure travel.