Category Archives: Miami

Florida retailers see rents climb as demand outpaces supply

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Shopping centers’ concepts continue to evolve as developers of massive mixed-use regional projects lean heavily on entertainment features and more sophisticated dining options to entice shoppers. Although several megamalls are on the drawing boards in Florida, development in the near term is lagging behind demand, keeping occupancies and rents high.

JLL’s 2018 Fall Florida Retail Report breaks down the big-picture trends that are changing the face of retail as well as the… Read More

Office markets shrink across South Florida, but new Class A performs well

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Urban office markets across South Florida recorded significant negative absorption in the second quarter, although rental rates so far remain unaffected. In the long run, market observers find reasons for optimism in undiminished demand for Class A space, including a tendency of new high-end properties to lease up relatively quickly despite a general falling off in leasing activity.

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South Florida office markets realized moderate, sustained growth in 2017

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Fundamentals remained strong in South Florida’s key office markets as 2017 drew to a close, with vacancies continuing to trend downwards and average rental rates climbing. While the entire market can expect continued growth throughout 2018, it is the suburban office markets that are really picking up steam.

JLL’s Q4 2017 Office Insight report offers an overview of the key trends driving the Miami-Dade, Broward and Palm Beach office markets.