How COVID-19 Modified South Florida Retail and Restaurant Areas

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How COVID-19 Changed South Florida Retail and Restaurant Spaces

The newly developed CocoWalk in Miami's Coconut Grove neighborhood now houses Class A office and retail space that anchors the commercial village. Courtesy photo.

Retailers and restaurants in South Florida weathered the pandemic better than most. Most have found ways to adapt, but some have closed for good. These vacancies provided opportunities for investors across the country to benefit from the influx of people and capital into the Sunshine State.

After the real estate market for hospitality and retail was frozen in the first and second quarters of 2020, deal work was resumed in the third quarter.

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