2018-2019 Miami Retail Major Markets Report

MIAMI-DADE’S MULTIPLE RETAIL DRIVERS

Cool Streets & Walkability

Miami-Dade is a market made for walking and people watching. Its “Cool Streets,” like Lincoln Road and Wynwood, are urban retail markets that draw people in by creating an experiential atmosphere that combines sights, sounds, smells and tastes. They are internet-resistant where sensory entertainment is a key element to make these retail corridors successful. The type of retailers can range from cutting- edge or more established institutions that seek to tap into increased foot traffic generated by key demographics that are looking for the next cool thing. Often these neighborhoods undergo varying degrees of development and gentrification as they try to remain hip and relevant. By being “cool,” these neighborhoods are undergoing constant evolution and reinvention. The constant influx of tourists and their spending lengthens the longevity of these areas. The success of these neighborhoods is the result of their uniqueness in Miami-Dade’s overall retail landscape and their ability to create a curated and personalized shopping experience unlike anything else in the market.

MIAMI RETAIL MAJOR MARKETS REPORT

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