fbpx

Fort Lauderdale Shows Upward Growth in Tourism

The tourism and commercial real estate industry around Fort Lauderdale appears to be heading in a positive direction, according to a commercial real estate report by the Fort Lauderdale Downtown Development Authority.

While Florida averaged a much better hotel occupancy rate (56.10%) than the U.S. (43.8%), Fort Lauderdale achieved the highest hotel occupancy rate in the state at 67.38% during February 2021.

“When the vaccine rollout began in January, we were lucky to see our tourism sector ramp back up at extremely high rates,” says Jenni Morejon, president and CEO of the Fort Lauderdale Downtown Development Authority, an organization that works to redevelop the Fort Lauderdale area. We believe Fort Lauderdale’s centrally-located Downtown has been a large factor driving our high hotel occupancy rates, offering many open-air entertainment spaces, culinary destinations, and an ideal location just over a mile from our beautiful beaches.”

With 22,000 square feet of retail space currently under construction, Fort Lauderdale has the most room compared to Downtown Miami and West Palm. The city’s retail vacancy rate of 8% is half of Miami’s 16.5%.

After reaching a high of 14% during Q2 in 2020 at the height of the pandemic lockdown, the Fort Lauderdale area has seen its unemployment rate fall to 6.9% as another sign of economic progress.

For more information, visit DDaftl.org

You May Also Like

Panel to Discuss Miami’s Hospitality Market on Wednesday

Guests can learn more about the current and future trends in the hospitality space.

Tom Aviv, Masterchef Israel Champion, Brings His American Venture to Miami

The Israeli sensation’s restaurant offers an innovative menu and retro vibe that transports guests to Tel Aviv in the 70s.

Spice Up Your Life at Contessa in Miami

Well, they’ve done it again. After Major Food Group scored successes with Carbone, Dirty French Steakhouse and ZZ’s Club, expectations were high—to say the least—for Contessa, the five-month-old Miami outpost

Eau Palm Beach Resort & Spa Still Dazzles on the 10th Anniversary of Its Name Change

For a decade, the 309-room Eau Palm Beach Resort & Spa has occupied a curious space, both literally and figuratively. For one thing, its location—around 10 miles south of the

Other Posts

Michael Kors Launches Pop-Up Experience at Joia Beach in Miami

It is open through Memorial Day Weekend.

First Turnkey Resort Condominium Coming to Fort Lauderdale

Groundbreaking of Natiivo is expected in the first quarter of 2025, with a 2028 anticipated completion date.

Konro Delivers Unforgettable Dining Experience in West Palm Beach

The culinary destination is open Wednesday through Saturday with only one seating nightly (6:45 p.m.).

Holy Cross Health Receives “LGBTQ+ Healthcare Equality High Performer” Designation

It is one of 462 healthcare facilities nationwide that have earned recognition.

Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.