Q3 2018 Miami Retail Market Report
Author: Verity Mosquez
Date Published: 07/16/2018
New development is reshaping Miami-Dade County’s retail market. Despite the woes of retail across the United States, developers in Miami-Dade County are at the forefront of new retail concepts. Demand for new retail space in mixed-use projects is at its peak to meet the growing shift toward live/work/play environments with 2.8 million square feet currently under construction. Year-to-date, over 800,000 square feet of retail space has been delivered in Miami- Dade County. The success of Miami’s retail market is founded upon a booming tourism market and growing population with strong demographics.