South Florida Retail Report

RETAIL LEASING 7

South Florida Leasing Activity

Retailers in South Florida regained confidence in 2021 as leasing activity recovered to pre-pandemic levels. The second quarter this year had over 2.1 million square feet leased, the most activity in a single quarter since early 2017. Market areas such as Wynwood, Miami Design District, FAT Village, Boca Raton, and Downtown West Palm Beach had increased demand. Restaurant operators and fitness centers expanded to take advantage of less restrictions in the region compared to other major metros.

Key Lease Transactions YTD 2021 COUNTY PROPERTY

TENANT

LEASED SF

Miami-Dade

3825 NW 7th St

77,471

Miami-Dade

8811-8851 SW 107th Ave

45,000

Broward

8333-8399 Pines Blvd

44,180

Broward

7700-7750 Peters Rd

41,440

Broward

4021-4299 W Commercial Blvd

37,480

Miami-Dade

8700 NW 36th Ave

35,500

Miami-Dade

19915-19925 Biscayne Blvd

35,000

Palm Beach

6673 Boynton Beach Blvd

34,100

Palm Beach

2501-2565 N Dixie Hwy

25,600

Palm Beach

1901 S Military Trail

23,632

A CUSHMAN & WAKEFIELD RESEARCH REPORT | 17