Miami Design District Retail Sales Are Up 19.5% In 2019, Part Of A Strong Retail Trend In Miami

The Miami Design District is seeing strong growth in retail sales this year, according to its developer.

Dacra CEO Craig Robins told the WSJ last week that retail sales in the district grew 19.5% through the first nine months of 2019 compared to the same period in 2018. In 2018, same store retail sales there were up 29.5% over 2017.

By comparison, Brickell City Centre is also seeing fast growth. Developer Swire Properties told shareholders last month that retail sales at Brickell City Centre increased 33.7% through the first nine months of 2019 compared to the same period in 2018. Overall retail sales at Brickell City Centre in 2018 were up 153.4% over 2017 (not the same store sales metric as reported by the Design District).

Miami’s retail sector is strong in general, thanks to record tourism and population growth, the WSJ wrote.

A total of 6 million square feet of new retail space has been built in Miami-Dade since 2018, compared to 4 million square feet completed in 2016 and 2017.

Bal Harbour Shops just broke ground on a major expansion that will see retail square footage increase by over 50%. Retail sales there are near record levels.

 

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Anonymous
1 year ago

Design District is really incredible. The walkability of the streets, shops, and restaurants, and unique architecture is surely a draw. The district’s ability to have shared parking garages is a major component that created this. Miami will see increased benefits with more shared garages throughout Edgewater, Downtown, Brickell, and Wynwood to allow better urban infill and development that puts a priority on the pedestrian.

Anonymous
1 year ago

FYI.. people are used to parking in shared garages when they go shopping.

Anonymous
1 year ago

Not that guy….hes used to a single car garage for every shopper.

305
1 year ago

Speaking of parking garages, gotta compliment the Design District on making them pieces of above-ground art. Swire spent millions to burry their parking. Jokes on them: the podium-less exterior facades of City Center look worse than every parking deck in the Design District.

Anonymous
1 year ago

The drop/pickup any station valet is good, too.

Anonymous
1 year ago

All they need are a couple of hotels and to increase the density in the area.

Anonymous
1 year ago

Along with thousands more apartments…

305
1 year ago

It’s what happens when you hire solid master planners to do an overall urban plan of a project/district. Amazing urban spaces and walkability are obvious benefits.

The big difference, as you pointed out, is the architecture. Duany Plater-Zyberk did the master plan, shaping the district’s spaces and building massings while not actually designing any buildings. This allowed individual, unique architects to come in and do the buildings in a more organic-type of way.

It’s what makes the Design District feel unique and inviting, where as Arquitectonica-Only Brickell City Center feels so boring, bleak, and all looks the same.

Anonymous
1 year ago

Coastal Link and actually enforcing Miami21 would help, too.

Anonymous
1 year ago

Wrong.. those two things are not essential to this growing city.

Anonymous
1 year ago

Cool

Now can someone please open a Sugarfish in Miami

Fredo
1 year ago

It is all the high earners fleeing the over taxed North Eastern and Pelosi California state and moving to Florida and spending some money.
Miami and Florida wining from the Fredo’s brother taxing policies in NY.

Anonymous
1 year ago

Hmmmmm… wonder why people in New York started fleeing the state after Trump got elected?…

Anonymous
1 year ago

weird retail is growing because when I walk around lincoln road, dadeland mall, the falls, they seem emptier than ever, a lot of the shops are even closed. BCC never looks full. The Design district is super desolate. Anyone else notice this?

Anonymous
1 year ago

This is going to fail just like the Bakery Center….they should get a Macys.

Anonymous
1 year ago

Coco Walk was a disaster too
So tacky.
Why a pseudo Mediterranean architecture?
Thank God it got leveled