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Miami-Dade County Retail Report 2013

Average shopping center rents in Miami-Dade County increased slightly over the course of 2012 and into 2013, continuing a steady, if slow and uneven recovery. Several big-box retailers are stepping up activity and securing sites, while developers are ramping up a cadre of new retail projects, as vacancy pressure over asking rents continues to dissipate. Nonetheless, countywide vacancy increased slightly, with three big-box retailers closing stores and inline tenancy still showing brisk turnover in some submarkets.