South Miami, FL
Freestanding historic building located on the South West corner of Sunset Drive and 58th Court, in the heart of downtown South Miami. The property …
Coral Gables, FL
Located at one of the main gateways into Coral Gables on the SEC of SW 8th Street and Ponce de Leon Blvd, the property …
Coral Gables, FL
Located at one of the main gateways into Coral Gables on the SWC of SW 8th Street and Ponce de Leon Blvd, the property …
Miami, FL
Located in the heart of Little Havana, the epicenter of Miami's Hispanic community, Amscot Little Havana is home to a free standing Amscot Financial …
Plantation, FL
Located on Sunrise Boulevard, just West of N University Drive in Plantation, FL. The property consists of a 19,178 sf office building built in …
Miami, FL
Bird West Plaza is a 44,836 sf shopping center located on Bird Road and 144th Avenue. The shopping center is located within blocks of the …
Cutler Bay, FL
Centre at Cutler Bay is a 127,072 SF (105,091 RSF) mixed use (retail and office) property situated in a highly visible South Miami-Dade location. …
Miami, FL
Anchored by a very high volume Presidente Supermarket, Colonial Shopping Center sits in the center of the densely populated North Miami trade area. Colonial …
Miami, FL
This newly-renovated neighborhood shopping center, located on heavily trafficked Flagler Street and 53rd Ave, is the best looking shopping center in the trade area. …
Homestead, FL
Homestead Corner is a 1.99-acre site on the SW corner of US-1 and NE 11th Street in Homestead, FL. The property currently …
Homestead, FL
Freestanding retail out parcel to Presidente and 24 Hour Fitness anchored shopping center, adjacent to RaceTrac and DQ. Located across the street from Baptist …
Miami, FL
Kendall Corners enjoys an enviable location on highly trafficked Kendall Drive and its proximity to Florida's Turnpike, which significantly extends its trade area. …
Miami, FL
Boutique three-tenant retail property located on highly trafficked Kendall Drive ( 66,500 VPD) and adjacent to Don Shula Expressway (115,000 VPD), two of the …
Miami, FL
Little River Retail is a recently renovated grocery-anchored shopping center in the up and coming neighborhood of Little River in Miami. Anchored by …
Boynton Beach, FL
Meadows Square is located at the NWC of the highly-trafficked intersection of Hypoluxo and Congress. Anchored by a high-volume Presidente Supermarket and Dollar …
Miami Gardens, FL
Located on the northwest corner of Miami Gardens Drive, the primary east/west commercial artery in northern Miami-Dade, and NW 7th Ave, Miami …
Miami, FL
Located on the NWC of heavily-trafficked Biscayne Boulevard and 79th streets, Midpoint is a 347,000 SF mixed-use (retail and office) property sitting on 18-acres …
Naranja, FL
Naranja Plaza is a 1980 built, strip retail center located along South Dixie Highway / US-1 in southern Miami-Dade County. The 51,246 SF center …
Fort Lauderdale, FL
This 7,065 square foot Natuzzi is located on N Federal Highway, south of E Oakland Park Blvd.
Miami, FL
Occupying an entire city block, the property provides unbeatable exposure on heavily trafficked SW 8 ST. Recently renovated, 25,000 sf building, is occupied by …
Miami, FL
Located in the heart of Little Havana, the epicenter of Miami's Hispanic community, Navarro - Little Havana is home to the first Navarro Pharmacy …
Miami Beach, FL
Located on the corner of 71ST and Indian CreekDrive, this property's unique features make it a rare Miami Beach gem. This renovated free-standing building …
Miami Gardens, FL
Located on the southeast corner of Miami Gardens Drive, the primary east/west commercial artery in northern Miami-Dade, and NW 27th Ave. Over 75,000 …
Sunrise, FL
Pine Plaza is a 99,463 SF shopping center in Sunrise, FL. Located in central Broward County, Pine Plaza boasts demographics of 168,864 persons living …
Pinecrest, FL
Pinecrest Center is a 34,306 SF mixed-use (retail and office) property with an irreplaceable location along Miami-Dade's busiest retail corridor. Pinecrest Center's affluent …
Pinecrest, FL
Located on US1 and 91st Street in Pinecrest, this recently remodeled free-standing building offers an irreplaceable location with excellent visibility to the 100,000 …
Pinecrest, FL
Pinecrest Shoppes has an irreplaceable location along Miami-Dade’s busiest retail corridor. Pinecrest Shoppes affluent and densely populated trade area includes some of …
Plantation, FL
Located in the heart of the growing and vibrant city of Plantation, FL. On the South East corner of Broward Blvd & University Drive, …
Plantation, FL
Plantation Square is located on the Southwest corner of W. Sunrise Blvd and N. University Dr. Tenants include The Vitamin Shoppe, Japan …
Miami, FL
Located on the corner of Sunset Drive and 107th Avenue, Sunset Village is a bustling neighborhood shopping center serving the Kendall trade area. …
Miami, FL
Located on the NWC of Sunset Drive and 107th Ave, Sunshops offers excellent visibility from the heavily trafficked intersection. Traffic counts exceed 70,000 cars. …
Miami, FL
Located on the SWC of 152nd Street and 137th Avenue, Town & Country Plaza sits at the busiest intersection of the SW Kendall trade …
Miami, FL
Westlake Plaza is a 43,781 SF retail shopping center located on one of Miami's major East West corridors. Built in 1959, the property has …
The Florida retail market continues to maintain as one of the strongest retail CRE markets in the country with solid economic growth, low vacancies, strong demand and solid demographic trends. These positive statistics are especially seen in South Florida commercial real estate, and in the latest South Florida retail market report.
There are growing numbers of retailers expanding into the Florida market led, most notably, by: restaurants/dining, mass merchandisers, and specialty stores.
Florida commercial real estate is also seen as one of the best CRE markets to invest in nationwide.
Key Florida Demographic Stats 2020:
– Current population 21.5 million (4% growth since 2018)
– Unemployment rate: 2.8% (0.6% drop YOY)
– Average household income: $55,462
– 1-year population growth: 1.8% (3rd in the USA)
Key Florida Economic Stats 2020:
– 2019 GDP: +$1 trillion (4th nationwide – nearly 5% of USA’s total GDP)
– 2018 – 2019: GDP Growth: +5%
– Fastest growing industry: Professional and business services
Key commercial retail property trends for Florida in 2020:
– Florida rental rates (+$18 psf) and occupancy rates (+96%) exceed national averages
– Q4 2019 CRE reports show Miami leads retail rental rates in Florida at $38.18 / square foot