Report | Fort Lauderdale Law Firm Outlook - 2015
Landlords are currently in control in Fort Lauderdale as the market tightens downtown, especially within Class A properties. New deals are now being executed above peak levels, with concessions continuing to drop for new tenants and those looking to renew their current deals.
Over the last 12 months, rents rates have risen an average of 7 percent, and are expected to rise by another 6 percent over the next 12 months.
Smaller law firms that do not need as much space as larger firms are turning more to spec suites, which have been built at an increasingly higher rate by landlords.
Our local Law Firm Perspective provides a thorough overview of the Fort Lauderdale market to help you better shape your strategy. We explore conditions across Fort Lauderdale, from rental rates—including the average premium for Trophy space and discounts for Class B space—to demand among professional and business services firms.
(Click here to see an overview of 2015 national law firm trends and market comparisons.)
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