Miami retail construction pipeline reaches highest level in three years
Retail space under construction in Miami-Dade County reached 1.3 million square feet in the third quarter as developers respond to record rents and steady vacancy rates.
FTMQ Real Estate, written by our newsroom0 views
)
Miami-Dade County retail construction reached 1.3 million square feet in the third quarter of 2026, Bisnow reported citing data from Colliers. The volume of new building double-counts the amount recorded during the same period last year and represents the highest level of activity since early 2023. [1]
Developers are expanding the construction pipeline as commercial rents hit record highs, according to Bisnow. A tight and steady vacancy rate continues to push rental rates upward despite a general slowing in market fundamentals. [1]
Colliers retail services Executive Vice President Sabrina Stimming told Bisnow that tenant demand continues to drive the market. Stimming stated that developer confidence remains elevated because incoming tenants are actively seeking space. [1]
Miami was co-founded by American industrialist Henry Flagler, who developed the Florida East Coast Railway and established major real estate projects along the Atlantic coast of Florida. [2]
In short
- Miami-Dade retail construction reached 1.3 million square feet in the third quarter.
- The construction volume is double the amount under development in the same period last year.
- Retail space under construction reached its highest level since early 2023.
Sources
Every paragraph above points to the numbered items it rests on. Read the originals here.
- [1]Miami Retail Construction Pipeline Hits Highest Level In 3 YearsBisnow, 2h ago (the report this story comes from)
Background
- [2]Henry Flagler on Wikipedia
- [3]Top-level domain on Wikipedia
- [4]Year on Wikipedia
Our newsroom writes these reports with the help of software, from the 4 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.
Related from FTMQ Real Estate
Earlier reports of ours on the same people and subjects.
- San Francisco office leasing jumps 49 percent on artificial intelligence demandCommercial Property, 5d ago
- Taco Bell Signs Orange County Office Lease as Vacancy DropsCommercial Property, 2d ago
- US property tax delinquency rate rises to highest level since 2017Buying and Selling, 4d ago
- Morgan & Morgan Signs Direct Lease at One Seaport PlazaCommercial Property, 3d ago
More in Commercial Property
- Denver Tech Center office tower sells after fourteen years2h ago
- United States manufacturing construction projects hit 500 billion dollars3h ago
- Jones Day Hires Real Estate Finance Partner Zena Ho in Los Angeles1d ago
- Taco Bell Signs Orange County Office Lease as Vacancy Drops2d ago
- Boston trophy office rents reach record high on law firm demand2d ago
- Deutsche Bank files foreclosure suit on Pembroke Lakes Mall loan3d ago
Get the day in one email
Reports like this one, the top news of the last 24 hours, every morning. Free, one email a day; readers can comment under every report.
By signing up you agree to our terms and privacy policy. Unsubscribe any time.
Comments
Loading
Join the conversation
Comments are open to readers of our daily email: the top news of the last 24 hours, every morning, free. Sign up and the comment box opens.
Already on the list? Enter the same address and we will send a sign-in link.
By signing up you agree to our terms and privacy policy. Unsubscribe any time.