Low Vacancies and Increasing Rents Add to an Already Thriving Retail Market in Miami-Dade County

Q1 2018

Miami-Dade County’s retail market continues to flourish with decreasing vacancy rates and rapidly increasing rental rates. Overall vacancy rates in the county have hovered around 3 percent since 2015 and currently stand at 3.8 percent. The market delivered 431,906 square feet of retail space in the first quarter and still has nearly 2 million square feet under construction. The demand for retail space in Miami-Dade County is demonstrated through the 232,303 square feet of space absorbed.

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  • Regional Market Transactions & Highlights
  • Miami-Dade, Broward, and Palm Beach Counties
  • Vacancy & Absorption Rates
  • Notable Leasing Activity
  • User & Investment Sales
  • Submarket & County Breakdowns.
South Florida Retail Market Report - Q1 2018 - thumbnail