December 30, 2024
With 2024 coming to a close, we're looking forward to big things to come for Fort Lauderdale in the new year. Take moment to look ahead towards the big trends shaping DowntownFTL's retail and dining scene in 2025.
Fort Lauderdale continues to add attractive and authentic retail and dining experiences, accommodating a fast-growing population while enhancing the city’s character. Fort Lauderdale’s active and vibrant downtown has something for everyone.
“As new shopping and dining options come online, Downtown Fort Lauderdale will continue to emerge as a premier destination in the region,” said Dev Motwani, Managing Partner of Merrimac Ventures and Vice-Chairman of the DDA Board.
This momentum is proof that a mix of national brands and authentic local concepts can thrive in Downtown Fort Lauderdale, elevating the quality of life for our residents and visitors and prompting new investment opportunities that bring more amenities to our community.
As we look ahead to 2025, here are the big trends shaping Downtown Fort Lauderdale’s retail and dining evolution.
Year-Round Destination Shift: Fort Lauderdale is moving from a seasonal beach town to a year-round, 18-hour city, positioning it as a leading destination to live, work, and visit.
Significant Visitor Growth on Las Olas Boulevard: The iconic Las Olas Boulevard attracts close to five million visitors annually, with a 28% increase in foot traffic since 2017, reflecting its popularity and strong retail presence.
New Restaurant Openings and Culinary Diversity: With over 50 new restaurants since 2022, Fort Lauderdale’s culinary scene is diversifying, appealing to both residents and tourists.
Revitalization of Historic Sites: The transformation of historic locations into trendy dining spots, such as The House on the River, Timbr, and Emily’s Garden, adds character and a unique experience to the area, celebrating Fort Lauderdale's heritage.
Expanding Retail Space and Low Vacancy Rates: Downtown Fort Lauderdale’s retail vacancy rate has declined by 27% since 2021. With a mere 5.2% vacancy, indicating DowntownFTL is a maturing market ready to accommodate new concepts with 600,000 square feet of new retail space in the pipeline.
Emerging Neighborhoods like FAT Village and TREDD District: These districts are shaping up to offer unique “live, work, play” environments, with FAT Village soon adding 350,000 square feet for retail and offices, appealing to new residents and young professionals.
Demand for Daily Services and Amenities: The growing population has led to the opening of grocery stores, fitness studios, and other daily services, making downtown a fully serviced urban center that meets resident needs.
What does it all mean? Downtown Fort Lauderdale’s retail and dining scene continues to evolve, blending local charm, national brands, and exciting new neighborhoods like FAT Village and TREDD. This transformation is enhancing the quality of life for locals, attracting more visitors, and sparking new investment opportunities — all while solidifying our city as a vibrant, year-round destination.