Gallery Plaza 821-859 E Oakland Park Blvd Local commercial 1 157 m² 94 % Loué À vendre Oakland Park, FL 33334

The city of Fort Lauderdale is just north of Fort Lauderdale-Hollywood International Airport, enjoying easy access through Interstate 95 and US 1. The city is central to the South Florida region and benefits not only from a growing local population and tourism-related traffic but also from the presence of a large city center. Downtown Fort Lauderdale is a significant office hub in the city, and the famous Las Olas Boulevard Strip is a premier shopping destination for tourists and residents.

Population and income growth has increased consumer buying power in the region, supporting retail demand. The number of international tourists and residents is projected to continue to grow over the coming years, further benefiting retail in the city.

Limited retail construction activity will result in few deliveries over the next few years. While healthy demand through the near term forecast should help keep vacancies in check, well below the U.S. average. The limited supply of well-located retail space, both a national and market level trend, will continue to bolster retail fundamentals, while residents continue to move into new apartment developments in Downtown Fort Lauderdale.