There's been plenty written about the state of the Southeast retail market, but it can't be described in general terms. Southeast retail has to be viewed as a region characterized by diverse micro-markets, each with its own set of unique characteristics and distinctive elements with varying abilities to weather the recession and rebound.

Miami has long been a favorite for commercial real estate investors and an especially vibrant retail leasing market. By 2008, the sub-prime mortgage crisis and the corresponding decline in home values began to impact the Miami housing market. That led to a decline in retail market rents and occupancy rates, as well as a related diminished interest in investment. Today, new developments are already in the works and pricing for core institutional retail assets is at or near record levels. Other Florida markets, especially Orlando, are also experiencing recovery consistent with the rebound of tourism and travel and, as such, are seeing improvement in retail occupancy.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.