MiamiCentral Retail Concourse

JLL, as advisors, are pleased to bring to market MiamiCentral Retail Concourse, strategically located in the heart of Downtown Miami's commercial core.

This property offers a unique opportunity for investors seeking a compelling value-add investment in a vibrant and evolving market. Positioned in a sought-after urban locale, MiamiCentral Retail boasts a modern infrastructure with 124,581 sqft of retail space, constructed in 2018. With an occupancy rate of 62%, this asset presents substantial upside potential through lease-up initiatives.

MiamiCentral Retail is distinguished by its long Weighted Average Lease Term (WALT) of 7.1 years, establishing a foundation for stable cash flow. The property's location offers prime accessibility to major transportation links, including proximity to Miami's central business district and burgeoning residential areas. This positioning enhances the property's appeal to top-tier retail tenants looking to capitalize on increasing consumer foot traffic.

The Miami metro area continues to showcase favorable demographic trends and economic growth, underscoring the strategic value of this investment. Nearby infrastructure developments and community revitalization efforts are anticipated to drive further demand and appreciation in the property's value.

Given its advantageous location, modern construction, and projected uplift through increased occupancy, Miami Central Retail Concourse stands as a promising option for investors aiming to capitalize on growth potential and create long-term value in one of the nation’s most dynamic real estate markets.