Fort Lauderdale, Florida

Short-Term Rental Market Data & Investment Analysis

Fort Lauderdale, Florida Short-Term Rental Market Overview

Population: 182,095
Annual Visitors: 10,000,000
Total STRs: 9,458
ADR: $217.40

Visitor Profile

Fort Lauderdale, Florida, attracts approximately 13 million visitors annually, making it a key player in the tourism market. The demographic profile of these visitors reveals a diverse mix, with a significant portion being families, couples, and solo travelers. The primary reasons for visiting include leisure activities, business conferences, and events, contributing to the city’s vibrant economy. The economic impact of tourism in Fort Lauderdale is substantial, with visitors spending around $12 billion each year, supporting local businesses and creating jobs. This influx of tourists not only enhances the local culture but also drives demand for accommodations, restaurants, and attractions.

In-depth visitor analysis shows that the average length of stay in Fort Lauderdale is about 4.5 nights, with peak seasons occurring during winter and spring months, particularly from December to April. According to the tourism bureau (https://www.sunny.org), the city is particularly popular among visitors aged 25-54, who make up over 60% of the total tourist demographic. Additionally, around 30% of visitors come from nearby states, such as New York and New Jersey, while international travelers, especially from Canada and Brazil, also contribute significantly to the tourism statistics. The main attractions include the beautiful beaches, vibrant nightlife, and cultural events, which cater to a wide range of interests. STR data indicates that hotel occupancy rates peak during these busy seasons, often reaching over 80%. Understanding these trends is crucial for STR operators looking to optimize their offerings and capitalize on the thriving Fort Lauderdale tourism market. For more detailed statistics, visit the official tourism site (https://www.sunny.org).

Top Attractions

Fort Lauderdale, Florida, often referred to as the “Venice of America,” is a vibrant city known for its stunning beaches, intricate canal system, and a diverse array of attractions. Visitors can explore the picturesque Fort Lauderdale Beach, where sun-soaked shores meet a lively promenade filled with shops and restaurants. The city also boasts the impressive Bonnet House Museum & Gardens, a historic estate that showcases art, nature, and history. With a variety of experiences ranging from cultural landmarks to outdoor adventures, Fort Lauderdale is a destination that caters to all interests. Whether you’re traveling with family, friends, or on a solo adventure, there’s no shortage of things to do in this beautiful coastal city.

One of the top attractions in Fort Lauderdale is the Museum of Discovery and Science, where visitors can engage with interactive exhibits and learn about the wonders of science and nature. The museum features an IMAX theater and a variety of programs suitable for all ages. For those interested in marine life, the Fort Lauderdale Aquarium is a must-visit, showcasing local aquatic species and offering educational programs. Nature enthusiasts will appreciate the Hugh Taylor Birch State Park, a serene oasis perfect for hiking, biking, and picnicking. Additionally, the historic Stranahan House offers guided tours that delve into the city’s rich history and architecture. For more information on these attractions, visit the Museum of Discovery and Science at https://mods.org, the Hugh Taylor Birch State Park at https://www.floridastateparks.org/parks-and-trails/hugh-taylor-birch-state-park, and the Stranahan House at https://stranahanhouse.org. With so many Fort Lauderdale attractions to explore, your adventure awaits!

Regulations

Fort Lauderdale short-term rental regulations are designed to ensure a balance between property owners and community interests. If you’re considering renting out your property on a short-term basis, it’s essential to understand the licensing requirements, tax obligations, and zoning restrictions that apply. In Fort Lauderdale, property owners must obtain a business tax receipt and a short-term rental license from the city. Additionally, a 6% tourist development tax and a 6% sales tax are applicable on the rental income. Compliance with safety regulations, including smoke detectors and fire extinguishers, is mandatory. Violations can result in significant fines, making it crucial for property owners to stay informed. For a comprehensive overview of these regulations, read on.

To operate a short-term rental in Fort Lauderdale, you must first secure a short-term rental license from the city, as outlined in the municipal code. This license ensures that your property meets local safety and zoning requirements. The application process requires a business tax receipt, which must be renewed annually. Property owners are also responsible for collecting and remitting a total of 12% in taxes on rental income, which includes both sales and tourist development taxes. Zoning restrictions may limit short-term rentals in certain residential areas, so it’s vital to check local zoning laws before proceeding. Failure to comply with these regulations can lead to penalties, including fines or revocation of your rental license. For more detailed information, visit the City of Fort Lauderdale’s official website (https://www.fortlauderdale.gov) and the municipal code (https://library.municode.com/fl/fort_lauderdale/codes/code_of_ordinances).

Vacation Rental Market Overview for Fort Lauderdale

Fort Lauderdale attracts visitors with its urban amenities and entertainment and adventure sports and activities. The short-term rental market here serves diverse traveler demographics, from business professionals to family vacationers.

This destination’s rental market offers unique opportunities for property investors, with comprehensive data revealing seasonal patterns and demand drivers.

Fort Lauderdale, Florida Market Performance Trends

LTM Avg. Daily Rate$237.00
LTM Occupancy Rate66.7%
LTM Avg. Revenue$3,191

Short-Term Rental Market Performance Analysis for Fort Lauderdale

The short-term rental market in Fort Lauderdale demonstrates dynamic pricing patterns and occupancy trends that savvy property investors and managers monitor closely. This comprehensive 12-month analysis reveals seasonal variations and revenue optimization opportunities.

Market Trend Summary

Current market indicators show: emerging growth market with increasing demand

Market data updated daily. Professional-grade analytics trusted by thousands of property managers and real estate investors.

Fort Lauderdale, Florida Rental Market Insights

10-Year Market Growth

Booking Activity

  • 1-3 Months:61.8% Booked
  • 4-6 Months:55.4% Booked
  • 7-9 Months:46.9% Booked
  • 10-12 Months:15% Booked

Cancellation Policies

  • Flexible:0%
  • Moderate:0%
  • Strict:0%
  • Super Strict:0%

Minimum Stay

  • 1 Day:0
  • 2 Days:0
  • 3 Days:0
  • 4-6 Days:0
  • 7-29 Days:0
  • 30+ Days:0

Short-Term Rental Regulations and Booking Patterns in Fort Lauderdale

Fort Lauderdale vacation rental operators navigate specific local regulations and booking patterns that shape market dynamics. Understanding minimum stay requirements, cancellation policies, and booking windows is essential for successful property management.

Market analysis reveals seasonal policy variations maximizing revenue. These insights help property managers optimize their listing strategies and maximize occupancy.

Local regulations and platform policies influence rental operations. StaySTRA provides comprehensive policy tracking and compliance insights.

Fort Lauderdale, Florida Rental Market Composition

Entire Place by Beds

Common Rental Amenities

Amenity data is not available for this location.

Guest Rating Highlights

    Vacation Rental Property Types in Fort Lauderdale

    The vacation rental market in Fort Lauderdale features a diverse mix of property types, from cozy studios to spacious family homes. Understanding the property composition helps investors identify market gaps and opportunities.

    Market characteristics include diverse property sizes from studios to large homes. This distribution reflects local demand patterns and traveler preferences.

    Premium amenities and guest ratings play a crucial role in rental performance, with data showing clear correlations between specific features and booking rates.

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