Miami’s retail market is prime stomping ground for retail landlords, with the third lowest vacancy rate in the United States for the last quarter of 2014, on par with New York City. The market experienced strong rent growth quarter-over-quarter and 10.6 percent growth year-over-year, and the slowdown is nowhere in sight.… Read More
In response to escalating demand for retail leasing and tenant representation expertise in Tampa and South Florida, JLL today announced that the firm has deepened its retail brokerage services with the addition of THE Retail Advisors’ experts. THE Retail Advisors founder, Andrew D. Carlson CRX/CSM/CLS joins the firm as a Vice President, along with Drew Carlson and Vanessa… Read More
Sears Holdings Corporation has submitted plans to the City of Aventura for the redevelopment of the Sears property at Aventura Mall into an exciting open-air village that will feature retail, restaurants, offices and a hotel.
Esplanade at Aventura will be a complete redevelopment of the 12.3 acres owned by Sears Holdings that currently features a Sears full-line store, Sears Auto Center and adjacent surface parking areas. The proposed new development will include approximately… Read More
While many tourists flock to America’s panhandle looking for sand and sunshine, Florida’s retail development market is doing the opposite: moving indoors. According to JLL research launched today at the International Council of Shopping Centers Florida Conference in Orlando, nearly half of all retail commercial construction happening in the state, in the first half of 2014 is taking place in malls and shopping centers.
“While most markets are seeing a boom in… Read More