{"id":9946,"date":"2024-11-14T18:52:43","date_gmt":"2024-11-14T23:52:43","guid":{"rendered":"https:\/\/www.lee-associates.com\/southflorida\/?p=9946"},"modified":"2024-11-25T19:00:49","modified_gmt":"2024-11-26T00:00:49","slug":"brighter-year-seen-in-lincoln-road-as-citys-retail-vacancy-rate-at-10","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/southflorida\/2024\/11\/14\/brighter-year-seen-in-lincoln-road-as-citys-retail-vacancy-rate-at-10\/","title":{"rendered":"Brighter Year Seen in Lincoln Road as City’s Retail Vacancy Rate at 10%"},"content":{"rendered":"
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\n\t\t\"Miami\n\t<\/div>\n\n

Miami Today Discusses Miami Beach Retail Market with Lee & Associate South Florida Principal, Stephen DeMeo<\/h3><\/div><\/div>
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'Brighter year seen in Lincoln Road as city\u2019s retail vacancy rate at 10%<\/h1>\n
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By Abraham Galvan\u00a0\u2013\u00a0<\/span> Miami Today<\/div>\n
October 10, 2024<\/div>\n

 <\/p>\n

The retail real estate market in Miami Beach is gearing up to have a bright 2025, according to local commercial and retail real estate experts.<\/p>\n

Lincoln Road is going to be heard from in 2025, said Jonathan Carter, Colliers\u2019 executive managing director.<\/p>\n

Big-name restaurants like Mila and Andr\u00e9s Carne de Res are attracting and catching the eye of other retailers to move into Miami Beach, he said.<\/p>\n

Even though the overall vacancy rates sit at around 10% in Miami Beach citywide, the high tourist traffic areas like Collins Avenue, Washington Avenue, and Lincoln Road are starting to see high-end retailers like Victoria\u2019s Secret move in and pricing out older retailers, added Stephen DeMeo<\/strong><\/a>, principal at Lee & Associates South Florida<\/a>.<\/p>\n

\u201cWith leading new higher-end retail stores, art galleries, boutiques replacing the older retailers, it also brings higher rates, and higher vacancy rates,\u201d he said. \u201cBut there is a new trend happening in Miami Beach where experiential retailers are starting to come into play with pop-up stores and short-term leases. Some of these landlords are certainly flexible with these retailers and making flex arrangements. They\u2019re trying to attract brands that want to test the market and that don\u2019t want to get into five- or 10-year leases.\u201d<\/p>\n

This trend is a win-win situation for both the landlord and the tenant, Mr. DeMeo said.<\/p>\n

Lincoln Road in Miami Beach is having a comeback year and has so much momentum, said Mario Saldana, VP of Investments at Tricera Capital.<\/p>\n

Lincoln Road is mostly leased by restaurants, so a lot of small, big restaurants, or small food concepts and quick-service restaurants, Mr. Saldana said.<\/p>\n

\u201cRecently, we have started to see that boom in Lincoln Road. So now, the overall area is sitting at around 50% vacancy, but I see that changing quickly rolling into the new year,\u201d he said. \u201cI think there\u2019s a lot of action and a lot of companies wanting to invest on Lincoln Road today. I really think this is going to change dramatically in the next few years.\u201d<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div>

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About Lee & Associates South Florida<\/strong><\/h3>\n

Lee & Associates South Florida is a fully vertical commercial real estate brokerage firm focused on industrial, office, retail, multifamily, investment and land sectors. Our dedicated team of professionals is led by Matthew Rotolante, CCIM, SIOR a 4th generation South Florida native in a family that has owned and operated commercial property here since 1928. Lee & Associates is the largest agent owned brokerage in the nation with Senior Agent\u2019s ability to earn profit share resulting in the highest splits while still receiving full resources, support and leads from our national network. Our collaborative and cheerful culture allows for open communications throughout the company, fostering the sharing of information and best practices to better enable client decision making.\u00a0 The Lee & Associates\u2019 robust national network that sold and leased over $115 Billion in the last 5 years offers clients a cross-market platform of expertise and deal opportunities across all asset specialties and representation roles. For the latest news from Lee & Associates South Florida, visit leesouthflorida.com<\/a>\u00a0or follow us on\u00a0Facebook<\/a>,\u00a0LinkedIn<\/a>,\u00a0Twitter<\/a>\u00a0and\u00a0Instagram<\/a>, our company local news<\/a>.<\/p>\n

About Lee & Associates<\/strong><\/h3>\n

Lee & Associates is a commercial real estate brokerage sales, leasing and management firm. Established in 1979, Lee & Associates has grown its service platform to include over 75 offices\u00a0in the United States and Canada. Lee & Associates is the largest agent owned commercial real estate brokerage where agents get the greatest return for their efforts and hence are more committed and better enabled to provide superior results for their customers. \u00a0For the latest news from Lee & Associates, visit\u00a0lee-associates.com<\/a>\u00a0or follow us on\u00a0Facebook<\/a>,\u00a0LinkedIn<\/a>,\u00a0Twitter<\/a>\u00a0and\u00a0Link<\/a>, our company blog.<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div>

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\n\t\t\t\n\t\t\t\"Lee\n\t\t\t<\/a><\/div>\n\n<\/div><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"

‘Brighter year seen in Lincoln Road as city\u2019s retail vacancy rate at 10%   By Abraham Galvan\u00a0\u2013\u00a0 Miami Today October 10, 2024   The retail real estate market in Miami Beach is gearing up to have a bright 2025, according to local commercial and retail real estate experts. Lincoln Road is going to be heard from in 2025, said Jonathan Carter, Colliers\u2019 executive managing director. Big-name restaurants like Mila and Andr\u00e9s Carne de Res are…<\/p>\n","protected":false},"author":76,"featured_media":9873,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,1820,106],"tags":[1849],"class_list":["post-9946","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-restaurant","category-retail","tag-stephen-demeo"],"yoast_head":"\nBrighter Year Seen in Lincoln Road as City's Retail Vacancy Rate at 10% - Lee & Associates South Florida<\/title>\n<meta name=\"description\" content=\"Miami Today Discusses Miami Beach Retail Market with Lee & Associate South Florida Principal, Stephen DeMeo\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/southflorida\/2024\/11\/14\/brighter-year-seen-in-lincoln-road-as-citys-retail-vacancy-rate-at-10\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brighter Year Seen in Lincoln Road as City's Retail Vacancy Rate at 10%\" \/>\n<meta property=\"og:description\" content=\"Miami Today Discusses Miami Beach Retail Market with Lee & Associate South Florida Principal, Stephen DeMeo\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lee-associates.com\/southflorida\/2024\/11\/14\/brighter-year-seen-in-lincoln-road-as-citys-retail-vacancy-rate-at-10\/\" \/>\n<meta property=\"og:site_name\" content=\"Lee & Associates South Florida\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-14T23:52:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-26T00:00:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2024\/10\/PR-Banner-Miami-Today_Stephen-DeMeo.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1250\" \/>\n\t<meta property=\"og:image:height\" content=\"521\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"ssabatier\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ssabatier\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/2024\\\/11\\\/14\\\/brighter-year-seen-in-lincoln-road-as-citys-retail-vacancy-rate-at-10\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/2024\\\/11\\\/14\\\/brighter-year-seen-in-lincoln-road-as-citys-retail-vacancy-rate-at-10\\\/\"},\"author\":{\"name\":\"ssabatier\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/#\\\/schema\\\/person\\\/d5447dfddeb31f214f5f2eb84c74068a\"},\"headline\":\"Brighter Year Seen in Lincoln Road as City’s Retail Vacancy Rate at 10%\",\"datePublished\":\"2024-11-14T23:52:43+00:00\",\"dateModified\":\"2024-11-26T00:00:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/2024\\\/11\\\/14\\\/brighter-year-seen-in-lincoln-road-as-citys-retail-vacancy-rate-at-10\\\/\"},\"wordCount\":680,\"image\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/2024\\\/11\\\/14\\\/brighter-year-seen-in-lincoln-road-as-citys-retail-vacancy-rate-at-10\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/wp-content\\\/uploads\\\/sites\\\/62\\\/2024\\\/10\\\/PR-Banner-Miami-Today_Stephen-DeMeo.png\",\"keywords\":[\"Stephen DeMeo\"],\"articleSection\":[\"All News\",\"Restaurant\",\"Retail\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/2024\\\/11\\\/14\\\/brighter-year-seen-in-lincoln-road-as-citys-retail-vacancy-rate-at-10\\\/\",\"url\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/2024\\\/11\\\/14\\\/brighter-year-seen-in-lincoln-road-as-citys-retail-vacancy-rate-at-10\\\/\",\"name\":\"Brighter Year Seen in Lincoln Road as City's Retail Vacancy Rate at 10% - 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