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Class A CBD office leasing activity remains below the seven year-average /690/fort-lauderdale-2-19-18-cbd-office-leasing-below-average<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/building-birdseye-trees.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/690/fort-lauderdale-2-19-18-cbd-office-leasing-below-averageClass A CBD office leasing activity remains below the seven year-average Nine of the last 12 quarters (2015-2017) have closed with total Class A CBD leasing activity below the seven year average – a major lease up of space from 2012-2014 propelled this trend.
The Downtown submarket has seen the average term increase three years in a row/611/fort-lauderdale-1-22-18-downtown-submarket<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/interior-office-modern-large-window-on-background-jll.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/611/fort-lauderdale-1-22-18-downtown-submarketThe Downtown submarket has seen the average term increase three years in a row​The average term for a Class A tenant in Downtown Fort Lauderdale has increased for the third year in a row to 89 months – the highest we have on record.
Florida is a low-cost technology hub/517/florida-12-4-17-low-cost-tech-hub<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/technology-printed-circuit-board.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/517/florida-12-4-17-low-cost-tech-hubFlorida is a low-cost technology hub​The four major metros of Florida are all top 50 tech markets nation-wide.
Florida airports lead the way for affordability/478/florida-11-13-17-airport-affordability<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/transportation-plane.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/478/florida-11-13-17-airport-affordabilityFlorida airports lead the way for affordability​In a recent report analyzing which airports are the least costly, Fort Lauderdale-Hollywood international ranks first among the 45 busiest domestic airports.
Florida has best business tax climate among large states/455/florida-11-6-17-best-business-tax-climate<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/landscape-buildings.jpg" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/455/florida-11-6-17-best-business-tax-climateFlorida has best business tax climate among large states​Florida ranked fourth in The Tax Foundation’s State Business Tax Climate Index for 2018, and ranks in the top ten for individual income tax (#1), unemployment insurance tax (#2), and property tax (#10).
Capital markets activity in South Florida peaked in 2016/393/south-florida-10-9-17-capital-market-activity<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/banking-charts-finance.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/393/south-florida-10-9-17-capital-market-activityCapital markets activity in South Florida peaked in 2016There were a number of major deals that closed in all three markets in 2016, leading to the strongest year of capital markets activity on record in the area.