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Miami-Dade County Retail Fundamentals Largely Unchanged Despite Coronavirus

A slowdown in sale and lease transactions is expected but overall metrics such as the vacancy rate and asking rents remained flat in the first quarter of this year, a study showed.

The Miami-Dade County retail market fared well in the first quarter of this year even though the coronavirus pandemic had set in by then and prompted massive business closures, a study found.

COVID-19 cases already were confirmed in other parts of the US as early as late last year but the pandemic became an issue in South Florida in mid-March when the state and county issued emergency orders, closing non-essential businesses.

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Lidia Dinkova

Lidia Dinkova

Lidia Dinkova covers South Florida real estate for the Daily Business Review. Contact her at [email protected] or 305-347-6665. On Twitter @LidiaDinkova.

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