Fort Lauderdale
Fort Lauderdale condominiums are attracting thousands of young professionals and families from many parts of the Northeast and Midwest. It's not just the balmy weather that's the attraction. Business is flourishing and career opportunities abound, so it may be the right time to find that condo you've been thinking of.
In the last decade, there have been 15 new projects with 2,600 units along the coast of Fort Lauderdale, Hollywood, and Pompano Beach. Hundreds more Fort Lauderdale condos are on the rise or proposed. From Riverwalk in the Las Olas downtown district to the sandy beaches of Fort Lauderdale, the city and surrounding area offer an exciting mix of activity and culture.
It's anyone's guess when the interest rates on mortgages will go up. Meanwhile, the red hot market continues to rage. Fort Lauderdale condos have increased in price by an amazing 33 percent in just one year. Millions worth of construction projects are rising in the downtown skyline, including 11 high-rise and mid-rise Fort Lauderdale condos; all under construction at the same time.
Well-known retail chains identified the Fort Lauderdale area as loaded with fertile demographics and established a presence here. Some of these upscale brand names include: Starbucks, Krispy Kreme, Whole Foods and Barnes & Noble booksellers. In the downtown area, revitalization has brought more options for dining, shopping and entertainment.
The downtown area, especially around Las Olas Boulevard, has seen dramatic growth in the past decade, and now hosts many new hotels and high-rise Fort Lauderdale condominiums. Other improvements include a wide array of new boutiques, galleries, and restaurants as well as upgrades to Lockhart Stadium (to attract marquee sporting events).
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