Market Overview

Miami’s retail market is one of the strongest in the U.S., driven by global tourism, residential growth, and international capital. With more than 26 million annual visitors, Miami is a magnet for luxury brands, experiential retailers, and F&B concepts.

• Tourism + population: Miami attracts both high-spending tourists and a growing local base (population up ~11% in the last decade).

• Luxury & lifestyle: Brickell and the Design District command some of the highest retail rents in the nation.

• Experiential retail: Wynwood and Miami Beach thrive on restaurants, art, and entertainment concepts.

• Mixed-use growth: New residential and office towers bring fresh demand for retail in urban corridors.

Submarket Highlights

Link to your subpages (even if they’re not built yet):

• Wynwood: Arts & F&B destination, home to experiential and boutique retail.

• Brickell: Miami’s financial district with luxury retail and dense residential demand. → /miami-retail-brickell/

• Miami Beach: Lincoln Road & Ocean Drive — tourist-driven, global brand presence. → /miami-retail-miami-beach/

• Coral Gables: Miracle Mile, historic and upscale shopping corridor. → /miami-retail-coral-gables/

• Downtown: Redevelopment and transit-oriented retail near Brightline. → /miami-retail-downtown/

Why Invest in Miami Retail

• Global tourist hub: Miami ranks among the top U.S. cities for international visitors.

• Luxury capital: Brands like LVMH, Rolex, and Apple expand into Miami’s urban retail.

• Growing residential base: Dense urban neighborhoods drive daily retail demand.

• Rent resilience: Prime corridors (Brickell, Wynwood) achieve record-breaking rents.

For Tenants

• Access to high-traffic retail corridors.

• Advisory on lease terms, tenant improvements, and expansions.

• Exclusive off-market opportunities not listed publicly.

For Owners & Investors

• Property positioning for maximum NOI.

• Buyer pool of local, national, and international capital.

• Advisory on redevelopment, repositioning, and highest & best use.

For owners & investors: why Hialeah works

• Durable occupier demand from last-mile, aviation supply chain, and food logistics

• Liquidity: steady buyer pool; institutional and private 1031 capital active county-wide

• Value creation: light capex upgrades (LEDs, docks, offices) improve lease-up & rents

• Near-term buy window: select micro-pockets show higher vacancy due to deliveries—timely acquisitions before absorption closes the gap

Listings & Tours

• VIVA gives you on-market and exclusive off-market Hialeah options—small-bay, mid-box, and yard/parking sites.

  • Search Retail Listings

  • Ask for Off-Market Deals

FAQs

Q1: What are the top retail submarkets in Miami?

A: Wynwood, Brickell, Miami Beach, Coral Gables, and Downtown lead the market.

Q2: What are average retail rents in Miami?

A: Rents vary widely — $35–45/SF in neighborhood centers, up to $250–350+/SF in prime urban corridors like Brickell and Wynwood.

Q3: Why do investors target Miami retail?

A: Global tourism, strong luxury demand, and residential growth support long-term value.

Q4: What trends are shaping retail in 2025?

A: Experiential retail, food & beverage growth, and mixed-use developments are driving leasing velocity.