18.07.22
Featured Market: South Florida
Retail real estate investors are flocking to the South Florida metroplex (Miami, Fort Lauderdale and West Palm Beach), making $3.4 billion in acquisitions last year—the market’s highest annual retail investment volume since 2015. Their interest in South Florida is well-founded, as total retail sales grew by 7% year-over-year in 2021 to a record $9.0 billion.
South Florida’s strong tourism industry will continue to draw both national and international retail brands. But with an overall retail availability rate of just 4.3%, retailers attempting to enter the market or expand their current footprint face a challenging competitive environment.
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