Vacancy rates over 25 percent in downtown Fort Lauderdale
October 20, 2010
By: Elaine Walker

Vacancy rates are reaching record levels in downtown Fort Lauderdale's core commercial buildings. A survey of the 25 largest buildings in the downtown Fort Lauderdale area posted a 26.2 percent vacancy -- a 10-year record, according to the Studley Index, a well-regarded national measure of the real estate market.

As is the case in many areas of the nation, Fort Lauderdale's rising number of vacancies is largely the result of an economy that has seen many companies cut back on the amount of space they are leasing.

Although it all adds up to a great time for tenants to make a deal, many right now are opting to stay put. ...

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