the average household income in the - the galleria at fort lauderdale · 2017-12-05 · • the...
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• The average household income in The Galleria’s
primary trade area is $77,981 and more than
23% of the households have incomes over
$100,000. Primary trade area residents are well-
educated with 37% having a college degree.
• There are more than 33,000 hotel rooms in The
Galleria’s trade area. Within five miles of the
center, there are nine four-diamond hotel
properties, all of which achieve an average
annual room rate of over $300 per night.
• There are currently 5,100 residential units
approved or under construction within three miles
of The Galleria.
• The City of Fort Lauderdale is the largest of
Broward County’s 31 municipalities and the
seventh largest city in Florida. An advantageous
economic climate is contributing to Fort
Lauderdale’s growing reputation as a world-class
international business center and one of the most
desirable locations for new, expanding or
relocating businesses.
• Fort Lauderdale supports a diverse range of
industries including marine, manufacturing,
finance, insurance, real estate, information
technology, avionics and film and television
production.
Why have so many companies relocated to Greater
Fort Lauderdale? Click here to find out!
New Luxury Condominium & Hotel Development
The Related Group of Miami will be building luxury
condominiums on Fort Lauderdale beach which will
be managed by California-based Auberge Resorts
Collection. Construction is expected to start early
2015 with occupancy slated for late 2017 or 2018.
The two-building Auberge Beach Residences and
Spa will feature 171 condos with prices ranging from
$1.5 million to $8 million. The project will also include
a five-star Auberge Du Soleil hotel located one-mile
from The Galleria. To read more, click here.
Greater Fort Lauderdale Alliance
Three-time winner of national economic development
honors from Business Facilities Magazine. To read
more, click here.
Total Trade Area
Demographics
Galleria at
Ft.
Lauderdale
Aventura
Mall
Town Center
of
Boca Raton
2015 Est. Population 700,241 632,992 433,176
2020 Projected
Population
739,327 670,513 454,063
Projected Growth
2015-2020
5.58% 5.93% 4.82%
Average HH Income $67,455 $59,880 $78,526
Median HH Income $46,803 $41,796 $51,993
Per-Capita Income $28,126 $23,253 $34,866
# of HH $75,000+ 166,367 113,132 133,008
Median Age 41.4 40.1 47.7
White Collar Employed 203,836 168,648 127,573
College Degree 216,777 179,409 183,075
Daytime Worker Base
(3-mile Radius)
135,239 77,000 74,495
• Greater Fort Lauderdale is the state’s second
most populous county with 9.3% of Florida’s
population and a workforce of nearly two
million. • The Galleria has a strong daytime/worker
population base with over 135,239 people
working within three miles of the center.
• The daytime/worker base spends upwards of
$753 million in retail and restaurant
expenditures annually, additional dollars
available to be captured by The Galleria’s
retailers and restaurants.
• The Fort Lauderdale area has a strong
tourism presence with over 14.3 million
visitors in 2014, producing $11.4 billion in
total expenditures.
• The Galleria is located in close proximity to
the Fort Lauderdale/Hollywood International
Airport, which services 36 airlines and 24.1
million passengers, as well as Port
Everglades, listed among the top three cruise
ports in the world servicing 50 ships and 4
million passengers annually.
• Greater Fort Lauderdale will host a station for
All Aboard Florida, a new high speed rail
system that will run between Miami and
Orlando with stops in Miami, Fort Lauderdale,
Palm Beach and Orlando. This rail system
will open up opportunities for greater tourism
by allowing visitors to easily travel between
the major destinations within the state in a
short period of time.
• The Galleria has a total trade area population of
700,241 people and the median age in the total
trade area is 41.4 years
Primary Trade Area 3 Miles
Population 101,661
Total Households 50,724
Average Household Income $77,981
Median Age 45.4
• Located in east Fort Lauderdale with close
proximity to Fort Lauderdale Beach, The Galleria
at Fort Lauderdale is the premier shopping
destination in Broward County, attracting both
affluent local and international customers.
Anchors include Neiman Marcus, Macy’s and
Dillard’s.
• Current retailers include: Coach, Cole Haan,
J. Crew, Michael Kors, Sephora, Swarovski,
Williams Sonoma and the Apple Store.
• Average sales psf at The Galleria are $845.
Fall 2015
Spring 2016
The Galleria completed a major redevelopment in
2004 which added five upscale fine dining and
nightlife establishments including The Capital Grille,
Seasons 52, Truluck’s, PF Chang’s and Blue Martini.
These restaurants together average over $900 psf .
The Galleria is undergoing a $3 million renovation
to the Food Court. The new design will feature 7
food court units. One unit will offer approximately
2,800 square feet and the remaining units will offer
between 680 and 960 square feet. The redesigned
food court will be adjacent to P.F. Chang’s China
Bistro, Seasons 52, The Capital Grille and Blue
Martini. The space is scheduled to be completed by
Fall 2015.
Click the image below to view the food court plan.
Click the images below to view the Lease
Plans for The Galleria.
The $1 billion development project surrounding The
Galleria will include eight sites comprised of 1,200
high-end residences including condos, apartments
and senior living. The LEED certified project also
includes a 165-room hotel, an office tower and $30
million in streetscape improvements around the
center. If approved, construction is expected to
begin in late 2015.
Click the image below to view the proposed plan.
Kim Salvatori
Vice President
Leasing Representative
JLL
+1 (941) 906-7786
Molly Morgan
Leasing Representative
JLL
+1 (404) 995-6317
The Galleria at Fort Lauderdale
2414 East Sunrise Blvd
Fort Lauderdale, FL 33304
www.galleriamall-fl.com
www.jllretail.com © 2015 Jones Lang LaSalle IP, Inc.
All rights reserved. All information contained herein is from sources deemed reliable, however, no representation or warranty is made to accuracy thereof.