FTL DDA: STATE OF THE MARKET 2019 DD Report2 | Page 19
D O W N T O W N W E S T PA L M B E A C H
4.8 million SF
total inventory
0 SF
under construction
(103,850) SF
net absorption
11.7%
vacancy rate
(increased 110 bps YOY)
$30.00 PSF
full service rents
52%
5-year growth
DOWNTOWN FORT LAUDERDALE
6.8 million SF
total inventory
475,000 SF
under construction
(146,000) SF
WPB
net absorption
FTL
(increased 170 bps YOY)
$34.00 PSF
full service rents
70%
5-year growth
DOWNTOWN MIAMI
22 million SF
MIAMI
total inventory
0 SF
under construction
183,500 SF
net absorption
HOW LONG
HAVE OUR
DOWNTOWNERS
BEEN WORKING
HERE?
12.2%
vacancy rate
14.1%
vacancy rate
(increased 30 bps YOY)
$40.00 PSF
full service rents
17%
5-year growth
23% 31% 27% 19%
Less than 3
years 3-10 years 10-20 years More than
20 years
19.