Q4 2017 South Florida Retail Market Report

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Miami-Dade’s Retail Market Intensifies with New Experiential Development

As the nation copes with a complex and shifting retail landscape, Miami-Dade County’s retail market thrives. Though vacancy rates have hovered around 3.5 percent throughout the year of 2017, retail rental rates have increased 23 percent year-over-year. Rates will continue to grow as the 2.3 million square feet of new construction delivers and developable land becomes scarce. A significant 1.6 million square feet of retail development delivered in 2017, with approximately 1.1 million square feet or 69 percent of that space absorbed.


Retail Report

Q4 2017 South Florida Retail Market Report

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