Listing Agency: Fort Lauderdale j***@cbre.com Show Phone

Listed By: Joe Freitas · License #SL3601077 Show Phone

Source: Cbre

Added: Jun 22 Changed: Aug 24 Last Checked: Aug 24 at 8:34AM

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Investment Insights

Based on property information with market context.

Retail and restaurant spaces are available at the base of 500 E Broward, a Class A, 24-story office tower in the heart of Downtown Fort Lauderdale. The property is currently undergoing more than $5M in exterior renovation, with upgrades to storefronts, landscaping, expansive sidewalks, and other related improvements.

The location is described as the Gateway to Las Olas, with pedestrian-oriented access supported by the building’s upgraded sidewalks and streetscape improvements. The public remarks note walking distance to a range of nearby businesses, and co-tenants include Charles Schwab, Citi Bank, Morton’s Steakhouse, and ProMD.

This offering is well suited for operators seeking a downtown retail presence tied to an active office tower environment and a street-level retail and restaurant setting. The continuing exterior refresh is intended to enhance the storefront experience for tenants and customers as the surrounding retail and dining mix continues to develop.

Key Highlights

• Retail and restaurant spaces at the base of 500 E Broward, part of a Class A 24‑story office tower with 325,000 SF of office space
• Undergoing $5M+ exterior renovation including storefront upgrades, landscaping, and expansive sidewalks
• Located at the Gateway to Las Olas in Downtown Fort Lauderdale

Property Analytics

Property Profile

Current Use

Giuliano Law Law Firm Lawdog Studios Film Production Sheppard Firm, P.A. Law Firm BGASoft Tech Support Center LIMSABC (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Clothing & Fashion Store Restaurant Mobile Phone Store Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

9,129

Businesses Nearby

125k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 31% Shops & Services 27% Groceries 16% Apparel 11%

McDonald's Dining

28,940 visits/mo 0.3 miles

The Fresh Market Groceries

20,214 visits/mo 0.4 miles

7-Eleven Shops & Services

15,810 visits/mo 0.3 miles

lululemon athletica Apparel

10,624 visits/mo 0.4 miles

Capital One Café Dining

6,509 visits/mo 0.3 miles

Market

Lease Benchmarks for Fort Lauderdale, FL

$24.76 /SF/Yr

Avg Asking Price

$2.53–$40 /SF/Yr

Price Range

4,266 SF

Avg Space Size

Vacancy Rate% for Retail in Fort Lauderdale, FL

5.1% 2019

6.8% 2020

5.3% 2021

3.9% 2022

3.8% 2023

4.9% 2024

4.8% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Retail and restaurant space at the base of a Class A downtown office tower undergoing exterior upgrades.

Where is this storefront property located?

The property is located at 500 East Broward Boulevard Fort Lauderdale, FL.

What are key features of this property?

This property features: Retail and restaurant spaces at the base of 500 E Broward, part of a Class A 24‑story office tower with 325,000 SF of office space; Undergoing $5M+ exterior renovation including storefront upgrades, landscaping, and expansive sidewalks; Located at the Gateway to Las Olas in Downtown Fort Lauderdale