FTL DDA: STATE OF THE MARKET 2019 DD Report2 | Page 15
MAIN LAS OLAS | 201 E LAS OLAS
WHO’S HERE?
“The Main Las
Olas project
represents the
growth and
transformation
of FTL’s CBD.”
Notable as a public-private partnership
with Broward College, the Main will be
a 1.4 million-square-foot, mixed-use
office, residential and retail project in a
two-tower development spanning 2.7
acres at the corner of SE 3rd Avenue and
Las Olas Boulevard. Publix’s GreenWise
Market will take up 28,000 square feet
on the ground-floor, providing a much-
desired amenity for the downtown
community.
– Ken Stiles,
CEO
Downtown
Fort Lauderdale
Vacancy
Rate
DOWNTOWN
FTL VACANCY
RATE
2011 2012
12% vacancy rate,
compressed from 19% in
2012
$33.90 Gross rental rate,
increased by 70% over the
past five years
2010
2013
2014
2015
2016 2017
68% (4.6 Million square feet)
is Class A space
6.8 Million square feet of
office space in DowntownFTL
OFFICE MARKET
11%
Headquarters &
Regional Offices
Developed by the Stiles Corporation—
visionaries who effectively developed
the DowntownFTL central business
district—and Shorenstein Properties,
the Main Las Olas project is the first
major Class A office tower to be built in
the urban core in the past decade.
2018
15.