South Florida is seeing a slowdown in retail leasing activity, as available space becomes more scarce in the region.
The news comes from Matthews Real Estate Investment Services' third-quarter market report, which analyzed the performances of Miami, Palm Beach, and Fort Lauderdale.
Most notably, leasing is down significantly in Miami and Palm Beach, with 2.5 million and 1.6 million square feet worth of deals done in the year-to-date through September. That's down from the 2021 peak levels of 3.5 million and 2.6 million square feet, respectively. Fort Lauderdale completed 2.5 million square feet of leases, down from the peak of 3.3 million. Lack of availability weighed on the leasing for all three regions, according to Matthews.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
