It is a ‘Landlord’s Market,’ however Inflation, Provide Points and Lack of Area Threaten South Florida Retail

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CocoWalk in Miami’s Coconut Grove area features 150,000SF of prime retail space home to leading restaurant & retail brands and a newly built office building. Courtesy photo

As South Florida’s real estate industry has been sheltered from much of the negative effects of the COVID-19 pandemic, its retail sector is thriving as migration and continued demand for retail space from many new-to-market businesses rises. But there are challenges on the horizon as low supply meets increased demand, and inflation begins to bite.

Gregory Matus, the Managing Director of Investment Sales for Franklin Street. Courtesy Photo.

The limited amount of retail space available is also creating challenges for retailers, according to Franklin Street’s managing director of investment sales Gregory Matus.

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