The newly redeveloped CocoWalk in Miami's Coconut Grove neighborhood is now home to Class A office and retail space that anchors the commercial village. Courtesy photo. 'Off the Charts': Hospitality, Retail on Road to Recovery, But Employee Shortage Poses Problem
"Occupancy was off the charts. Average daily rates were off the charts. Some of my hotel owners who had gone from crazy numbers like 9% occupancy were now full and at rate said they had never been able to charge before," said Suzanne Amaducci-Adams, partner and head of real estate at Bilzin Sumberg in Miami.
September 13, 2021 at 06:00 AM
9 minute read
Special Reports Real Estate
The hospitality and retail sectors are making a comeback after 18 months of pandemic-related closures and a decrease in customers.
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