Surging retail sales credited for rising Miracle Mile rents
Written by Catherine Lackner 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.”
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