Recent Comments

Archives

  • bit.ly
Advertisement
The Newspaper for the Future of Miami
Connect with us:
  • Facebook
  • Twitter
  • Instagram
  • Linkedin
Front Page » Breaking News » Surging retail sales credited for rising Miracle Mile rents

Surging retail sales credited for rising Miracle Mile rents

Written by on December 24, 2019

In the wake of the recent streetscape renovation, rents are going up on Miracle Mile in Coral Gables, and that’s a good sign, said Stephen Bittel, founder and chairman of Terranova Corp.

“I believe rising rental rates take the temperature of a retail district, because rents are a function of sales,” he said. “Sales justify the higher rents.”

To read the full story click here to subscribe.

Advertisement