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Core Construction Expands Its Reach in Fort Lauderdale
In a significant move for the booming South Florida construction market, Core Construction, a national company based in Frisco, Texas, recently opened its doors in downtown Fort Lauderdale. By subleasing 20,000 square feet from Alms Healthcare at 1 East Broward, Core aims to strategically position itself in a region that is actively experiencing vast development.
Why Fort Lauderdale? The Heart of Growth
Core’s decision to establish this new office revolves around its ambition to enhance its responsiveness to local client needs amidst a construction boom in South Florida. As declared by Cody Kiess, the executive vice president of the Florida office, the location allows the company to nurture its commitment to building integrity and purpose.
South Florida’s Dynamic Real Estate Landscape
The opening coincides with a thriving period for office space in South Florida, especially after the pandemic. Notable transactions in the region, including recent sales of downtown Fort Lauderdale properties, indicate that this area holds significant untapped value despite recent influxes to Miami and West Palm Beach.
Core’s Legacy in Florida
Established in 1937, Core Construction has built a reputation across the United States and has been active in Florida since 1982. With an impressive portfolio that includes public schools and healthcare facilities, the company is now poised to tackle more projects within the rapidly expanding South Florida market.
Future Prospects for the Office Space Market
As office leasing rates continue to fluctuate, with premium spaces averaging around $32 per square foot in Fort Lauderdale, companies are re-evaluating their requirements in light of changing workforce dynamics. For potential tenants considering relocation or expansion, being in the heart of a vibrant area like downtown Fort Lauderdale provides both visibility and access to a growing labor market.
With Core Construction’s new office setup in Fort Lauderdale, local homeowners and businesses can anticipate not just more building projects, but also a collaborative community focused on growth and sustainability. As stakeholders in this evolving real estate landscape, it’s crucial for residents to engage with the ongoing developments, understanding how they impact surrounding neighborhoods.
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