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From Kendall to Downtown Miami to Brickell and beyond, the region's retail landscape is performing stronger than most metros in the United States. But what about the high-tourism areas?
Tightening spreads and yields on new investments, as well as e-commerce's effects on traditional retail are some of the challenges these lenders are facing today, PGIM's Paige Hood tells GlobeSt.com in advance of MBA's CREF conference.
Customized retail space is hard to find, opening the door for buildings that cater to services, restaurants, salons, exercise studios and unique retailers that work well in a downtown-foot-traffic market, Flinn West's Jayne Flinn tells GlobeSt.com.
However, renter demand remained strong and kept apartment occupancies steady in 2017, says RealPage. The coming year will see a dropoff in new deliveries.