Press Release brought to you by MMG Equity Partners

South Florida Retail Real Estate Report (Q4 2019)

02/26/2020

South Florida Retail Real Estate Report Q4 2019In Q4 2019 Miami-Dade County’s vacancy rate raised +0.1% from Q3 2019: 4.4% to Q4 2019: 4.5%.

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.

Read the Full South Florida Retail Real Estate Report

Source

MMG Equity Partners

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