MIAMI—By all indicators, Miami retail is booming and expanding. Miami's retail sector is seeing some of the strongest construction pipelines in years.

In fact, according to Marcus & Millichap, Miami has retailers poised to capitalize on increased consumer spending, driving tenant expansions and bringing greater retail development down the pipeline. Completions this year will reach the highest level since 2008, led by the delivery of several large shopping centers, including Miami Worldcenter and CityPlace Doral, which are enhancing the county with large mixed-use properties.

GlobeSt.com caught up with Eric Coffman, real estate law attorney and shareholder in Gunster's Fort Lauderdale office, to get his take on what the next six moths hold for Miami's retail sector in part one of this exclusive interview. His first observation: Miami has one of the lowest retail vacancy rates in the country, at just over 3%. That's comparable to New York.