According to the 2018 Emerging Trends in Real Estate® – US and Canada report, Fort Lauderdale ranks as the 6th top U.S. market to watch in terms of overall real estate prospects. This marks the largest upward move of any market over the past year, with Fort Lauderdale jumping 29 spots in the ranking. Comparatively, Miami held the 25th spot last year and has climbed to 11th in the 2018 ranking. This upward surge by both cities highlights the increase in real estate investment and development in the region, through projects like Greybrook’s 300 Biscayne and 400 Biscayne developments in Miami, and RiverX in Fort Lauderdale.
Undertaken jointly by PricewaterhouseCoopers (PwC) and the Urban Land Institute (ULI), the Emerging Trends report provides an outlook on real estate investment and development trends, real estate finance and capital markets, property sectors, metropolitan areas, and other real estate issues throughout the United States and Canada. This is the 39th edition of the report, which is one of the most highly regarded and widely read forecast reports in the real estate industry.
In addition to being a top Market to Watch, the Miami/Fort Lauderdale/West Palm Beach area ranked as the third top destination market for migration from primary markets between 2011 and 2015, demonstrating ongoing growth within the region.