I was impressed with recent news, see below, regarding the state of retail in the US and especially Florida. Retail development of neighborhood, grocery anchored, projects are performing off the charts right now. We are blessed to be in the center of this industry with our current project list, retail partnerships, and geographical focus.
The current vacancy rate for neighborhood grocery-anchored shopping centers in Florida is generally very low, often falling well under the overall retail market vacancy rate.
Based on recent commercial real estate reports for various Florida markets (mostly spanning late 2024 to mid-2025):
- Necessity-based retail, particularly grocery-anchored and neighborhood centers, remains strong, with vacancy rates reported below 4% in most metros.
- Specific reports for sub-markets or property types indicate very tight conditions:
- In the Miami market (Q3 2024), neighborhood centers maintained a very low 1.3% vacancy rate, with some submarkets reporting no vacancies in their neighborhood centers.
- One national report noted that as of Q4 2024, the national grocery-anchored retail vacancy registered at 3.5%, which is a historical low. Given Florida’s generally strong retail market, its rate is likely at or below this national figure.
Overall, the data suggests that in Florida, neighborhood grocery-anchored centers are among the best-performing retail assets, characterized by a tight supply and high demand, keeping their vacancy rates in the low single digits (likely 1.5% to 3.5% range, depending on the specific metro area). (Gemini AI, 2025).
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