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.