South Florida’s retail market is highly active, with many different types of tenants seeking space. While not all retailers survived the impact of the pandemic, most categories of retail have resumed normal hours and operations. From fitness clubs to big box stores, retailers that saw a drop in foot traffic during the pandemic have now fully recovered and are seeking to expand in the South Florida market.
However, the limited amount of retail space available in the market continues to present challenges for retailers. Vacancies are tight across all three South Florida counties, creating a highly competitive landlord’s market and leading many retail tenants to turn to new construction.
View or download Franklin Street’s full Q4-21 report on the South Florida Retail Market for key stats, insights and predictions.