After outperforming since the end of 2021, real retail sales in South Florida are beginning to slow along with national retail sales. Elevated inflation, which continues to double the U.S. average, slower wage gains and higher interest rates are all dragging back the South Florida consumer.
Industrial Absorption Slows As South Florida Consumer Spending and Imports Decelerate
Leasing Outperformance Ends for Big Box Industrial Space As Economy Cools
By Juan Arias
CoStar Analytics
September 26, 2023 | 5:25 P.M.
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