RETAIL MARKET SNAPSHOT - Q2 2026
MIAMI
BROWARD
PALM BEACH
332.9 MSF
South Florida
3.5%
OVERALL RENT $42.67
OVERALL VACANCY
SUBMARKET SPOTLIGHT
Miami-Dade
139.9 MSF Inventory
3.0% Overall Vacancy
$49.96 Overall Rent (FS PSF)
Broward 4.1% Overall Vacancy
112.2 MSF Inventory
$36.47 Overall Rent (FS PSF)
Palm Beach
80.8 MSF Inventory
3.7% Overall Vacancy
$38.64 Overall Rent (FS PSF)
Rental & Vacancy Rates Overall Rent & Vacancy Rate
Supply & Demand Supply & Demand
MARKET ASKING RENT PER PRODUCT TYPE Asking Rent
5,000,000
$10.00 $15.00 $20.00 $25.00 $30.00 $35.00 $40.00 $45.00
0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0%
5-Year Increase Q1 2021 Rent
4,000,000
Malls
34,036,703
3.8%
$54.23
3,000,000
Power Centers
12,874,363
3.3%
$42.26
2,000,000
1,000,000
Neighborhood Centers
103,977,340
4.4%
$38.86
-
Strip Centers
26,821,330
4.1%
$37.62
2020
2021
2022
2023
2024
2025
YTD 2026
$0.00 $5.00
(1,000,000)
General Retail
149,247,242
2.8%
$43.48
(2,000,000)
2020
2021
2022
2023
2024
2025 YTD 2026
Other
5,147,673
0.7%
$46.50
Construction Completions
Overall Net Absorption
Overall Net Rent
Overall Vacancy Rate
Source: CoStar
Cushman & Wakefield | Why South Florida
/ 15
Powered by FlippingBook