Market Trend: South Florida’s Retail Vacancy Decreases to 5.9%

The South Florida retail market did not experience much change in market conditions in the second quarter 2012.

The vacancy rate went from 6.0% in the previous quarter to 5.9% in the current quarter. Net absorption was positive 340,191 square feet, and vacant sublease space decreased by 37,378 square feet.

Publix has accounted for several large move-ins in 2012. Publix moved into 54,000 square feet at 2511 E Atlantic Blvd, 49,204 square…
South Florida Commercial Real Estate News From CoStar Group