According to several articles and different information obtained since 2014, 2015 and 2016 we believe Fort Lauderdale is in the process of growth, which shows that the investment may be more favorable in Fort Lauderdale right now due to the $ 1.3 billion being invested in East part of Fort Lauderdale. This is partially based on new construction developments trying to meet the demand that a luxury market has. Among these projects are The Gale Residences, the Four Seasons, Auberge Beach and Residences and Paramount Beach.
If we compare Fort Lauderdale to Miami prices per sq ft, in Miami they have a difference of 261% higher as compared to Fort Lauderdale where it is cheaper and still has not reached the peak moment as Miami and its neighborhoods. (Article in Ocean drive).
If we compare Fort Lauderdale with some cities in Palm Beach County, Fort Lauderdale it is the one that can perhaps offer a better return on your capital in Real Estate or at least a little higher. Just last week, Forbes magazine named Fort Lauderdale as one of the best cities to buy real estate in 2016, with an expectation of 20 % growth in prices in the next three years, and other factors that make Fort Lauderdale a good place to invest. To be exact West Palm Beach was recognized as the number 19 compared to Fort Lauderdale city number 8.
In 2014 Fort Lauderdale was recognized as one of the most “exciting” cities in “midsized cities”. And downtown Fort Lauderdale was named as one of the top 10 in US downtowns. All within a mile and a half from the Gale Residences, Auberge Beach Residences, Four Seasons and Paramount Projects.
At the end of 2017 the “High Speed Rail” – “All Aboard Florida” transportation is expected to be completed and to be connecting the downtowns of Miami, Fort Lauderdale, West Palm Beach and Orlando. This could be a mayor disadvantaging for cities like Aventura, among others that will not have the great movement of passengers, residents and workforce who will use one of the best transportation systems in Florida. Fort Lauderdale located at the midpoint, indicates that probably people are going to choose it to work, live and vacation In the near future.
According to statistics from ISG in their latest report informed Fort Lauderdale attracts around 14.3 million visitors a year and hotels are 88% sold out according to statistics Sunny.org. It is one of the metropolitan cities with the highest growth, in addition to the famous beaches, the beautiful scenery of the Intracoastal Waterway, excellent nightlife, with Sawgrass 30 minutes away and Galleria mall which it is also in the process of being expanded.
All these projects are relatively close to the airport in Fort Lauderdale which has an investment of 2.3 billion in renewal and growth of international flights direct from countries like Norway, Denmark, Sweden, United Kingdom, Colombia and many other countries and important cities in US. Aventura is between the airport of Miami and Fort Lauderdale but with the level of traffic in Aventura some international businesses may not see it as an interesting point.
Fort Lauderdale is the “Venice of America” 33,000 + miles of Intracoastal waterways and canals make Greater Fort Lauderdale “the Yachting Capital of the world and the Venice of America.” The famous “International Boat Show” in October had more than $ 4 billion of boats and marine products and 130,000 visitors in 2014.
Port Everglades in Fort Lauderdale is very important to the economy including the large amount of cruisers that use Port Everglades as major port with a record of more than $ 153 million with high revenue.
The city is investing $ 78 million to renovate the Fort Lauderdale beach along with other attractions.
In conclusion, the time to invest in Real Estate and new construction in the Greater Fort Lauderdale is NOW. With so much investment in the city it is clear that the city is still growing at a relatively stable economy.
This information was obtained from articles published in Ocean Drive, Sun Sentinel, ISG World Report, BrowardPalmBeach.com (Fort Lauderdale among Top Ten) and (Fort Lauderdale Named Seventh most exciting midsize cities), All Aboard Florida and Sunny Org with visitors statistics and Forbes Magazine that Names Fort Lauderdale One Of 2016′s Best Buy Cities.
For more information in new Construction projects please contact us at 954.363.1115 or via email @ Contact@BillyandAlix.com