South Florida retail South Florida retail

MIAMI—Despite hurricane watches this week, there are no clouds forecasted for the Sunshine State’s 14 retail cities. That’s according to a JLL report, which reveals most Florida markets are exceeding 90% retail occupancy and rising rents.

In the first half of 2016, Florida’s retail sector posted massive leasing momentum and there is no immediate end in sight. Launched at ICSC’s Florida Deal Making Conference, the JLL report reveals the top 14 Florida retail cities are rising or peaking for the first time since 2008. In the last three years, retailers have leased 10.8 million square feet of space in the state.

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Jennifer LeClaire

GlobeSt

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