CocoWalk in Miami's Coconut Grove area features 150,000 square feet of prime retail space, home to leading restaurant and retail brands and a newly-built office building. It's a 'Landlord's Market,' but Inflation, Supply Issues and Lack of Space Threaten South Florida Retail
"Typically South Florida has a season of about six months where all of the snowbirds have come down from Canada, New York, and New Jersey. In light of COVID, all of those people came down, and then some more, and many of them never left," said Jaime Sturgis, Native Realty CEO.
May 02, 2022 at 06:00 AM
11 minute read
Special Reports Real Estate
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.
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