ECONOMIC DEVELOPMENT

The Hallandale Beach Community Redevelopment Agency (HBCRA) and its Economic Development team aims to enhance the quality of life by eliminating and preventing blighted conditions through the facilitation of community partnerships, business growth, job creation and neighborhood revitalization.

 

The Hallandale Beach CRA Economic Development team is committed to helping businesses succeed and grow.  The agency focuses on enhancing the overall quality of life in Hallandale Beach to revitalize the economic integrity of the area.

 

We continue to work diligently to improve the HBCRA’s overall business climate and market Hallandale Beach as an excellent location for shopping, dining and entertainment. Our goal is to position Hallandale Beach for sustainable, long-term economic vitality that enhances the quality of life of residents and strengthens the business environment.

DEMOGRAPHICS

40,072

Estimated Population

46

Median Age

$40,883

MEDIAN INCOME

WHY HALLANDALE BEACH?

CENTRAL

Near major transshipment and logistics hubs

  • Nestled between Miami and Fort Lauderdale
  • Minutes away from two international airports, seaports, professional sports arenas and more

 

SOCIAL LIFE

Home to 2 major casinos and Race Track

  • Gulfstream Park Racing and Casino
  • Big Easy Casino

 

GROWTH

One of the fastest growing cities in the State of Florida

  • This growth has spurred more than $1 billion of development that is underway
  • Nine incentive and grant programs opportunities
  • Funding opportunities in restaurant development, retail, hospitality, healthcare, technology, fashion and art

BUSINESS COMMUNITY ANALYSIS

Hallandale Beach has a total of 2400 businesses.  The leading industries in Hallandale Beach are: Arts, Sports, Entertainment and Recreation, Retail, Accommodation and Food Services, Healthcare and Social Services

 

TOP INDUSTRIES BY JOB

  • Arts, Sports, Entertainment and Recreation These industries account for 2492 jobs, with a total of 40 establishments
  • Retail – 2425 jobs with a total of 280 establishments

TRADE AREA

Current market rates in the City

OFFICE

  • Average Rents $33.99/sf
  • Vacancy Rate 10.4%

RETAIL

  • Average Retail Rents 28.39/sf
  • Vacancy Rate 3.1%

HOUSING VACANCY

  • 37.8% Vacant Housing units
  • 28, 406 Total Housing units
  • 42.23% Renters
  • 57.77% Home Owners
  • Average income is $40, 883
  • 25.39% of households earn more than the national average each year