One of the Southern-most U.S. cities is Fort Lauderdale, Florida, also known as the Venice of America, which is located along the Atlantic seaboard and a stone's throw from some of the state's hot spots, Miami and West Palm Beach.
Though the city's population is roughly 165,000, according to Census data, the apartment market in Fort Lauderdale is a premier one in Florida and the U.S. The city offers renters a prime option, as the warm climate and close proximity to renowned Florida features and the ocean make it very attractive - particularly to residents of the Northeast who want to escape the cold weather.
Fort Lauderdale is comprised of 60 neighborhoods and several nationally recognized businesses, many of which hire thousands of local workers. Additionally, some of the country's best hospitals reside in the city.
Pro sports teams from Miami offer Fort Lauderdale's tenants the opportunity to take in a game, while a number of quaint museums, theaters and arts centers provide entertainment for locals.
Many Property Management Firms Operating in Fort Lauderdale
South Florida has been an ideal locale for residents to lease properties for decades, as the area boasts warm temperatures year-round, along with a number of distinct amenities and features that appeal to many.
Property investors who put down capital on a single-family or multifamily residence in Fort Lauderdale may want to employ a property management team to handle all of the intricacies of their business, such as interviewing applicants and dealing with tenant concerns, to make their investment worthwhile.
Fort Lauderdale Rental Market at a Glance
Projected Vacancy Rate, 2011: 5.8 percent
Projected Asking Rent Increase, 2011: 2.1 percent to $1,080 per month
Projected Effective Rent Increase, 2011: 3 percent to $1,021 per month
Statistics courtesy of Marcus & Millichap
Finding Fort Lauderdale Property Management Companies
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