Commercial Real Estate, Capital, Insurance, Leasing & Management

There seems to be a barbershop at every shopping center in Miami. Here’s why.

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Robert Granda, director of retail investment sales, discusses the barbershop boom in Miami-Dade.

In Miami-Dade, nearly every other neighborhood strip mall or shopping center seems to sport a red, white and blue barber pole. The Florida Department of Business and Professional Regulation, which licenses and regulates more than one million businesses around the state, currently shows 775 active licensed barbershops in Miami-Dade County, with 93 licenses pending. That works out to one barbershop every two square miles. (The numbers don’t include national chains such as Hair Cuttery, which use a cosmetology license.)

“We’re seeing this huge drive toward the old-school, quintessential barbershop,” said Robert Granda, director of South Florida retail investment sales for the real estate firm Franklin Street. “They’re popping up everywhere.”

Granda said that a big-box retailer such as Best Buy or Target will pay less per square foot than a smaller business because their space needs are larger. Those stores also help anchor a mall and generate foot traffic, so landlords offer them better deals.

For full story, visit https://www.miamiherald.com/news/business/article190294154.html

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