Las Olas (Fort Lauderdale) Real Estate
ABOUT LAS OLAS
Las Olas Boulevard runs from the beautiful beaches of the Atlantic Ocean to just past Andrews Avenue in downtown Fort Lauderdale. The commercial stretch of the boulevard is approximately one-mile and features cool sub-tropical breezeways and courtyards alive with bars, nightclubs, bridal stores, shops, boutiques, art galleries, restaurants and the Riverside Hotel. In addition to shopping, dining, and commercial office space, Las Olas Boulevard is home to many events throughout the year that draw large numbers of visitors. Some of the events include the Las Olas Art Fair, Christmas on Las Olas, the Las Olas Wine and Food Festival, and the Las Olas Luxury Living and Lifestyle Expo.
INCLUDED ALONG LAS OLAS ARE:
- Over 30 al fresco dining options
- 10 major international art galleries
- 2 world-class museums
- 1 charming hotel
- 65 shops filled with fashion, accessories, gifts and more
- Luxury Home Rental and Yacht Charters
While Las Olas Olas Boulevard offers distinctive shopping, dining, hospitality and entertainment venues, it is strategically located in an urban revival area that is so desirable, it has attracted a dramatic influx of new residential and office towers. Among downtown Fort Lauderdale’s newest buildings are the Icon Las Olas, an ultra-luxury property catering to the affluent, now open for rentals; the future 1200-unit X Las Olas development, located in the former Las Olas Riverfront festival marketplace, half of the units here will be moderately priced to attract a younger crowd; 100 Las Olas, which will be Broward’s tallest tower at nearly 500-feet, will inlcude 120 condos, 228 hotel rooms, and ground-floor restaurant space. Units at the 100 Las Olas tower start at $800,000 and top out at $2.27 million, with an average list price of just over $1.37 million.
Downtown Fort Lauderdale has excellent demographics. Within the 33301 zip code and the 1-mile radius, overall average household income is over $100,000 and $90,000 respectively. A low average household size combined with the low median age and high average household incomes illustrates a greater propensity for young, single professionals to live in the immediate areas surrounding Las Olas Boulevard. Strong population and household growth (over 8.0% through 2020) in the area show that downtown Fort Lauderdale will continue to benefit from an influx of new residents. New residents moving into the downtown central business district, combined with the high average housing value ($633,490) in the zip code) will result in a larger proportion of renters in the area.
Las Olas Boulevard is also one of the premier destinations for the Sun Trolley and the Riverwalk Water Trolley, two of Fort Lauderdale’s most popular, fun and scenic ways to get around town…and most routes are FREE!
Last but not least, the surrounding neighborhoods boast a selection of parks that offer residents and tourists a respite from the downtown hustle and the Flagler Village area has become a hip and artsy scene.
For more information, visit http://thelasolascompany.com/where-we-are/neighborhood-overview/