18 / 28
18
| 2017 MIAMI RETAIL
Major Markets Report
DYNAMIC
Submarkets
Source: Cushman & Wakefield Research. All rental rates are NNN per square foot.
Recovery
Expansion
Decline
Contraction
• Activity Rebounds
• Occupancies Increase
• Rents Stabilizes
• New Tenants Move In
• Activity Accelerates
• Rapid Drop in Vacancy
• Rents Rises Sharply
• Some Tenants Priced Out
• Activity Falls
• Vacancy Slowly Rises
• Rents Decline Slightly
• Tenants Start to Leave
• Limited Activity
• Long Term Vacancy
• Rents Stagnate
• Empty Storefronts
Brickell
Design District
Wynwood
Miami Beach
Downtown
Kendall
Coral Gables
Aventura/N. Miami Beach
Coconut Grove
Submarket Health