In the first quarter of 2022, retail sales were up more than 27% and occupancy and rents passed previous highs.
March 10, 2022 at 03:16 PM
4 minute read
Florida Bureau Chief
Both the pandemic and subsequent reopening of the economy appear to have reshaped South Florida’s retail landscape to its benefit, according to a new report that puts Miami ahead of its pre-pandemic highs.
Retail sales were up more than 27% and occupancy and rents passed previous records in the first quarter of 2022, according to Marcus & Millichap’s U.S. retail investment forecast.
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