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South Florida Retail Market Holds Steady In Third Quarter

South Florida Retail Market Holds Steady In Third Quarter
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South Florida Retail Vacancies Up, Rents Mostly Down In Q4

21046 Commercial Trail, Boca Raton (Google Maps, iStock)
Even with a newly inked 62,000-square-foot bowling alley lease, South Florida’s retail market saw mostly gutter balls in the fourth quarter.
Across the tri-county area, vacancy rates rose and square footage returned to the market, according to a newly released report from Colliers International. And yet in some parts of the region, average asking rents rose, and landlords landed some large leases and buyers.
With relatively limited construction in the works, retailers may take advantage of market weakness and growing population centers, giving retail some long-term health, according to the report.
Here’s a breakdown: ....

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