MIAMI—Demand for retail properties in Florida grew significantly in 2012, fueled by an abundance of capital in the market seeking to purchase shopping centers. So says a new report from Colliers International.
According to Colliers' "Florida Shopping Center Sale Activity for 2011 and 2012," high demand along with low interest rates has resulted in compressed cap rates, giving sellers the best pricing in three years.
“What we are seeing through increased demand for shopping centers is that the retail investment market in Florida is alive and doing very well,” Mike Milano, managing director of Retail Services for Colliers International Tampa Bay, Central & Southwest Florida, tells GlobeSt.com.
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