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Since 2005 there have been more than 5,500 new units delivered in and around the Downtown


• Prior to 2005, there were few options for people to “live, work, and play” in Downtown Fort Lauderdale. For housing, most of the options were either on the beach or in smaller apartment buildings. The area was lacking major (50 units or more) multifamily buildings. However, today, all three areas that make up the Downtown district have seen significant growth – there have been approximately 5,500 units delivered since 2005.

• Flagler Village, an area just north of Broward Blvd and the Core CBD, has been of particular interest. Often referred to as the “Wynwood of Broward County”, the area was lacking any sort of major developments in 2004. A relatively quick transition occurred as major multifamily buildings found success in the area. This location draws many of the young millennials and has propelled the landscape to change across multiple other property type - retail has been particularly impacted with dozens of new restaurants and bars locating nearby.

• When you combine the current multifamily inventory with what is under construction, Flagler Village and the Core CBD are almost inline with one another's total number of units – right around 3,000 units in each.

• SoLO, an area just south of the river and the Core CBD, has also seen development, although not nearly as strong. There have been approximately 1,000 units delivered in the area since 2005. However, developers continue to purchase land and make plans for future development. There are more than 2,500 units in the pipeline. While many of the timelines are uncertain and some projects many never come to fruition, a few new buildings could really change the landscape in the area in the coming years. 

Source: JLL Research​

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