Downtown Fort Lauderdale has seen a significant growth in its luxury rental market over the last few years. Today, luxury rentals abound! With Millennials and young professionals moving to the area to embrace the unique lifestyle that runs from the beach up Las Olas and through FAT Village, the various new developments are not having a difficult time finding people to enjoy the upscale living accommodations that they have to offer.
Presently, there are approximately 3,500 units on the market or that will be introduced to the area in the near future. And, with that, an additional 3,000 units are currently in the proposal stage. The sizes of these units vary, but most average between 1,000-1,100 square feet, with studios and one-bedroom units being a bit smaller — while smaller, they are still quite popular due to their lower rents. Rental rates average approximately $2.25 per square foot today, but that figure is meant to be increasing, perhaps significantly. Demand certainly allows for it.
Now-leasing rental communities that offer luxury living include: The Edge at Flagler Village; The Manor at Flagler Village; Amaray Las Olas; The Exchange Lofts; Solmar on Sixth.
Select amenities that are offered at the above luxury rental communities include: gated parking; concierge service; media lounge; e-lounge; resort-style pool with Wi-Fi; private cabanas; massage/treatment rooms; dog park