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 …
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 …
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. …
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 …
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 …
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, 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 …
Miami’s strong retail economy sets a foundation for the healthy commercial real estate market. While brick-and-mortar locations are abundant, large retail shopping centers are growing their presence in the area. Miami’s vacancy rate is well below the national average, making it a promising place for developers to meet demand.
Key Miami Stats:
– Current Population 454,000
– Unemployment Rate: 3.9%, (down YOY ~1% & below the national average half a percent)
– Workforce: 3,157
– Household Income: $50,441/ year
– Retail rents currently stand at $34.57 PSF and is up 4.5% YOY.
– Miami leads rental rates in Florida +$37psf (29% increase YOY)
– Vacancy rates in Miami-Dade are 4.0% with the lowest in Aventura at 1.1% (Aventura also had a 30% increase YOY for rental rates).