Broward County's retail and office markets are recovering slightly slower than the industrial market amid the pandemic, but new trends are providing opportunities for investors.
Consumer demand driven by growing population is a key factor in the retail market recovery, according to Colliers' Q2 market reports. Discount stores, such as Ross Dress For Less and Dollar Tree, which had two of the five largest leases of the quarter, are expanding as consumers become more conscious about how they spend their money.
Ross signed a 25,010-square-foot lease at Pembroke Commons and Dollar Tree signed a lease for 10,000 square feet at Turtle Crossing in Coconut Creek.
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Melea VanOstrand
Melea VanOstrand oversees the Daily Business Review as ALM's Florida Bureau Chief. Email Melea at [email protected] or follow her on her Twitter or Facebook pages.
