Miami Retail Report & Team Qualifications

WHERE ARE THE Challenges?

Traffic Congestion Miami-Dade is the sixth worst major city in the United Sates in traffic and 75th worst in the world, according to TomTom Traffic Index. Increased traffic congestion is directly affecting people’s travel patterns and buying habits. Traffic can contribute to a retailer’s success in the ease in which customers can get to and from a store. People travel farther if

they are planning on spending more. If traffic time is included, then market areas shrink. Consumer preferences in Miami-Dade are increasingly being defined not only by location but also by ease of access and travel times. This is leading retailers to add more distribution points in the market.

14 | 2017 MIAMI RETAIL Major Markets Report