Miami Leads the Way in South Florida’s Retail Recovery
Franklin Street’s Q2-21 report on the South Florida retail market takes an in-depth look at key indicators in the market, from leasing and investment sales activity to foot traffic levels and new developments.
The report also dives into important trends and challenges impacting the market, while offering exclusive insight on what’s ahead for South Florida retail.
- The South Florida retail market, consisting of Miami-Dade, Broward and Palm Beach counties, made positive strides over the span of Q2 2021.
- The tri-county region experienced increases in investment sales volume, market rent and overall performance related to positive net absorption, resilient occupancy rates and foot traffic driven by improving tourism visits.
- Overall, the South Florida retail market will remain a dominant force as data points to continued quarter over quarter growth.