{"id":1004191141,"date":"2017-10-16T03:18:19","date_gmt":"2017-10-16T11:18:19","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004191141"},"modified":"2025-02-26T02:45:17","modified_gmt":"2025-02-26T10:45:17","slug":"slow-growth-plentiful-promise-in-fort-lauderdale","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/slow-growth-plentiful-promise-in-fort-lauderdale\/","title":{"rendered":"Slow Growth, Plentiful Promise in Fort Lauderdale"},"content":{"rendered":"<p>By Veronica Grecu<\/p>\n<div id=\"attachment_1004191142\" style=\"width: 410px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Office-using-employment-in-Fort-Lauderdale-click-to-enlarge.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004191142\" data-attachment-id=\"1004191142\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/slow-growth-plentiful-promise-in-fort-lauderdale\/office-using-employment-in-fort-lauderdale-click-to-enlarge\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Office-using-employment-in-Fort-Lauderdale-click-to-enlarge.jpg\" data-orig-size=\"1007,433\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Office-using employment in Fort Lauderdale, click to enlarge\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Office-using-employment-in-Fort-Lauderdale-click-to-enlarge.jpg?w=1007\" class=\"wp-image-1004191142\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Office-using-employment-in-Fort-Lauderdale-click-to-enlarge.jpg\" alt=\"Office-using employment in Fort Lauderdale, click to enlarge\" width=\"400\" height=\"172\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Office-using-employment-in-Fort-Lauderdale-click-to-enlarge.jpg 1007w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Office-using-employment-in-Fort-Lauderdale-click-to-enlarge.jpg?resize=300,129 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Office-using-employment-in-Fort-Lauderdale-click-to-enlarge.jpg?resize=768,330 768w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/a><p id=\"caption-attachment-1004191142\" class=\"wp-caption-text\">Office-using employment in Fort Lauderdale, click to enlarge<\/p><\/div>\n<p>After years of dormancy in the wake of the financial crisis, Fort Lauderdale\u2019s office market is starting to come alive. Over the past four years, only one new office property\u2014a 143,535-square-foot building in Miramar\u2014was delivered. However, developers have recognized the market\u2019s strengthening economic conditions, solid job growth among office-using sectors and increasing investor appetite. As a result, construction is sprouting.<\/p>\n<p>More than 585,000 square feet of office space is expected to come online by the end of the year, adding to Fort Lauderdale\u2019s total stock of 30 million square feet, and another 2.2 million square feet is in the pipeline.<\/p>\n<p>The dearth of new product has resulted in a growing need for up-to-date space, translating into low vacancy in established submarkets and fueling leasing momentum in sought-after locations like South Fort Lauderdale and Airport\u2013Dania Beach. Those were also Fort Lauderdale\u2019s most expensive submarkets, with lease rates hovering between $40.68 and $58.88 per square foot as of July. However, rates for premium office assets were down 8.4 percent across the metro during that same period, and decreased by 13.1 percent in Class B office buildings.<\/p>\n<p>In the wake of Hurricane Irma, South Florida\u2019s office sector turned out to be well-prepared, having invested heavily in pump systems and building standards that enable easy and efficient flood drainage. According to many office landlords, the damage to their assets was minimal.<\/p>\n<p><a href=\"https:\/\/www.yardimatrix.com\/Media\/Downloads\/File\/292-FortLauderdale-Fall2017OfficeOutlook?utm_medium=Research-Center&amp;utm_source=CPE&amp;utm_campaign=292-FortLauderdale-Fall2017OfficeOutlook\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Read the full Yardi Matrix report.<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After years of dormancy in the wake of the financial crisis, office construction is finally sprouting in Fort Lauderdale, where more than 585,000 square feet of space is expected to come online by the end of the year.<\/p>\n","protected":false},"author":258,"featured_media":1004191143,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,1492,21742],"tags":[],"class_list":["post-1004191141","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-miami","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Slow Growth, Plentiful Promise in Fort Lauderdale - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/slow-growth-plentiful-promise-in-fort-lauderdale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Slow Growth, Plentiful Promise in Fort Lauderdale\" \/>\n<meta property=\"og:description\" content=\"After years of dormancy in the wake of the financial crisis, office construction is finally sprouting in Fort Lauderdale, where more than 585,000 square feet of space is expected to come online by the end of the year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/slow-growth-plentiful-promise-in-fort-lauderdale\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-16T11:18:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-26T10:45:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/MatrixFortLauderdale_covers_800x620-new-logo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Veronica Grecu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@VeraGrecu\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/slow-growth-plentiful-promise-in-fort-lauderdale\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/slow-growth-plentiful-promise-in-fort-lauderdale\/\",\"name\":\"Slow Growth, Plentiful Promise in Fort Lauderdale - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/slow-growth-plentiful-promise-in-fort-lauderdale\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/slow-growth-plentiful-promise-in-fort-lauderdale\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/MatrixFortLauderdale_covers_800x620-new-logo.jpg\",\"datePublished\":\"2017-10-16T11:18:19+00:00\",\"dateModified\":\"2025-02-26T10:45:17+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e8362e8641769829162f16fe58091f62\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/slow-growth-plentiful-promise-in-fort-lauderdale\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/slow-growth-plentiful-promise-in-fort-lauderdale\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/slow-growth-plentiful-promise-in-fort-lauderdale\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/MatrixFortLauderdale_covers_800x620-new-logo.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/MatrixFortLauderdale_covers_800x620-new-logo.jpg\",\"width\":800,\"height\":620},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/slow-growth-plentiful-promise-in-fort-lauderdale\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Slow Growth, Plentiful Promise in Fort Lauderdale\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e8362e8641769829162f16fe58091f62\",\"name\":\"Veronica Grecu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Veronica_Grecu.jpg?w=93\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Veronica_Grecu.jpg?w=93\",\"caption\":\"Veronica Grecu\"},\"description\":\"Veronica Grecu is a senior creative writer and researcher for RentCafe. With more than 10 years of experience in the real estate industry, she covers a variety of topics in residential and commercial real estate, including trends and industry news. Previously, she was involved in producing content for Multi-Housing News, Commercial Property Executive and Yardi Matrix. Veronica\u2019s academic background includes a B.A. in Applied Modern Languages and an M.A. in Advertising and PR.\",\"sameAs\":[\"https:\/\/x.com\/@VeraGrecu\"],\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/veronica\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Slow Growth, Plentiful Promise in Fort Lauderdale - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/slow-growth-plentiful-promise-in-fort-lauderdale\/","og_locale":"en_US","og_type":"article","og_title":"Slow Growth, Plentiful Promise in Fort Lauderdale","og_description":"After years of dormancy in the wake of the financial crisis, office construction is finally sprouting in Fort Lauderdale, where more than 585,000 square feet of space is expected to come online by the end of the year.","og_url":"https:\/\/www.commercialsearch.com\/news\/slow-growth-plentiful-promise-in-fort-lauderdale\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2017-10-16T11:18:19+00:00","article_modified_time":"2025-02-26T10:45:17+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/MatrixFortLauderdale_covers_800x620-new-logo.jpg","type":"image\/jpeg"}],"author":"Veronica Grecu","twitter_card":"summary_large_image","twitter_creator":"@VeraGrecu","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/slow-growth-plentiful-promise-in-fort-lauderdale\/","url":"https:\/\/www.commercialsearch.com\/news\/slow-growth-plentiful-promise-in-fort-lauderdale\/","name":"Slow Growth, Plentiful Promise in Fort Lauderdale - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/slow-growth-plentiful-promise-in-fort-lauderdale\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/slow-growth-plentiful-promise-in-fort-lauderdale\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/MatrixFortLauderdale_covers_800x620-new-logo.jpg","datePublished":"2017-10-16T11:18:19+00:00","dateModified":"2025-02-26T10:45:17+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e8362e8641769829162f16fe58091f62"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/slow-growth-plentiful-promise-in-fort-lauderdale\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/slow-growth-plentiful-promise-in-fort-lauderdale\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/slow-growth-plentiful-promise-in-fort-lauderdale\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/MatrixFortLauderdale_covers_800x620-new-logo.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/MatrixFortLauderdale_covers_800x620-new-logo.jpg","width":800,"height":620},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/slow-growth-plentiful-promise-in-fort-lauderdale\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Slow Growth, Plentiful Promise in Fort Lauderdale"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e8362e8641769829162f16fe58091f62","name":"Veronica Grecu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Veronica_Grecu.jpg?w=93","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Veronica_Grecu.jpg?w=93","caption":"Veronica Grecu"},"description":"Veronica Grecu is a senior creative writer and researcher for RentCafe. With more than 10 years of experience in the real estate industry, she covers a variety of topics in residential and commercial real estate, including trends and industry news. Previously, she was involved in producing content for Multi-Housing News, Commercial Property Executive and Yardi Matrix. Veronica\u2019s academic background includes a B.A. in Applied Modern Languages and an M.A. in Advertising and PR.","sameAs":["https:\/\/x.com\/@VeraGrecu"],"url":"https:\/\/www.commercialsearch.com\/news\/author\/veronica\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/MatrixFortLauderdale_covers_800x620-new-logo.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004191141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/258"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004191141"}],"version-history":[{"count":8,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004191141\/revisions"}],"predecessor-version":[{"id":1004227380,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004191141\/revisions\/1004227380"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004191143"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004191141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004191141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004191141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}