South Florida Retail Real Estate Report (Q4 2019)
The asking rate per sq. foot moved down to an average of $38.18, which is -$1.21 per sq. foot compared to Q3’s average of $39.39/ sq. foot. One year ago, the asking rate was $34.81 / sq. foot.
Meanwhile, the absorption rate moved down from 470,942 in Q3 2019 to 112,679 in Q4 2019, which represents a -358,263 SF change quarter-to-quarter.