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This Is the Hottest Retail Market in Florida

ORLANDO—“The key theme emerging in Florida's retail sector is momentum.”

By Jennifer LeClaire | jenniferleclaire | Updated on August 29, 2016

Posner Commons, a 630,000 square foot regional shopping center in Davenport, FL, just got a new leasing agent. Posner Commons, a 630,000 square foot regional shopping center in Davenport, FL, just got a new leasing agent.

ORLANDO—Orlando’s retail sector saw strongly positive leasing activity in the first half of 2016. That’s good news, but the better news is there’s still room to run before any clouds roll in or the market contracts. In fact, one strategic asset just traded over over $120 million.

That’s according to JLL‘s Florida Retail report, which launched at ICSC’s Florida Deal Making Conference this week. The broad brush conclusion: For first time since 2008, the top 14 Florida retail cities are rising or peaking. Most have an occupancy above 90% with rents rising steadily for the past three years. In the last three years, retailers have leased 10.8 million square feet of space in the state.

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