MIAMI—With almost 2.5 million square feet currently under construction in Miami-Dade County, it seems that retailers have confidently adjusted to their consumer's needs. That's the takeaway from a Colliers International Q3 2017 Florida retail report.
Since last year, more than 2 million square feet of new retail developments have been added to Miami-Dade's inventory shifting to more experiential and innovative concepts. Net absorption has been keeping pace with construction, the firm reports.
Miami is clearly the retail rock start of the Sunshine State. But how is Florida's retail market fairing compared to the rest of the country? What advantages does the state have?
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