Fort Lauderdale real estate has proven to be one of the most ideal prospects for many investors around the world because of the fact that it offers them a major opportunity to tap into the massive market audience which comes into the city on an annual basis. If you are looking for opportunities that can help you build profits within the state of Florida, you should definitely consider the city of Fort Lauderdale and its wide range of investment opportunities.
“Venice of America”
One of the first things that usually stand out whenever people talk about the city of Fort Lauderdale is the fact that it is recognized as being the “Venice of America” due to its appearance which greatly resembles the famous city in Italy. With its extensive canal system which runs through the entire city, it is easy to see why anyone would easily fall in love with the captivating atmosphere of the city as a whole.
Located in Broward County, the city has drawn in millions of visitors who are looking to experience a truly fascinating city which offers a multitude of activities – many of which cater specifically to the vast community of boating enthusiasts within Florida. It also offers a great selection of Fort Lauderdale real estate properties which include numerous waterfront homes and condos which provide the perfect residential options for people from all over the world.
Aside from its selection of residential options, it looks that the city's commercial real estate market has proven to be on its way up from the recession. In fact, the increasing confidence seen on the Fort Lauderdale real estate market has indicated that investors can look forward to better years up ahead as the city is seeing more and more activity coming in.
One of the most recent property purchases seen within the city was made by a Miami-based investment firm that paid $ 28.7 million for an office complex located within the downtown Fort Lauderdale area called Tower 101. It is the only office complex located on the northern section of Broward Boulevard for the past three decades.
The purchase includes a 21-story building and a 6-story building located adjacent to the high-rise tower. As of the moment, the current tenants include Quest Workspaces, Smith Currie & Han * censored * law firm, Expedia, and the city of Fort Lauderdale.
People who are looking to make the most of a good situation will definitely be glad to learn that there are more opportunities available on today's Fort Lauderdale real estate market. If you would like to learn more about the residential and commercial options found within the city, you should contact a professional real estate agent for additional information.