Market Trend: South Florida’s Retail Vacancy Decreases to 6.6%

The South Florida retail market did not experience much change in market conditions in the second quarter 2011.

The vacancy rate went from 6.7% in the previous quarter to 6.6% in the current quarter. Net absorption was positive 361,375 square feet, and vacant sublease space increased by 41,293 square feet.

Tenants moving into large blocks of space in 2011 include: Ashley Furniture Home Store moving into 93,680 square feet at 3350 Airport…
South Florida Commercial Real Estate News From CoStar Group