Pop-up shop trend on the rise in South Florida

TRD MIAMI /
Sep.September 22, 2010 03:00 PM

With retail vacancies on the rise, pop-up shops are also popping up with increasing frequency in South Florida as the holiday season approaches, real estate professionals and retailers told the Miami Herald. Toys “R” Us is opening 600 Toys R Us Express stores for the season, including around six in South Florida. The company is also planning an FAO Schwarz pop-up at the Aventura Mall. While South Florida’s indoor malls actually have relatively low vacancy rates compared to some other markets, strip malls are a different story, and temporary tenants like Spirit Halloween are taking advantage of the vacancies with nine pop-ups planned for Miami-Dade and Broward counties this season. Pop-up tenants typically pay drastically reduced rents in exchange for a provision that allows landlords to clear out the space on very short notice, so the trend is often a win-win: businesses make extra cash and boost their exposure, while landlords generate at least some income from their vacant properties. [Miami Herald] 

 

Related Articles

arrow_forward_ios
Tere Blanca and the Aventura office complex (Credit: Google Maps)

Aventura office complex Optima inks new leases

Aventura office complex Optima inks new leases
Jeffrey Soffer, Brett Mufson, David and Simon Reuben

British billionaires invest in Jeffrey Soffer’s Turnberry resort in Aventura

British billionaires invest in Jeffrey Soffer’s Turnberry resort in Aventura
Major key: DJ Khaled sells waterfront Aventura home for 40% discount

Major key: DJ Khaled sells waterfront Aventura home for 40% discount

Major key: DJ Khaled sells waterfront Aventura home for 40% discount
Prive at Island Estates and BH3’s Charlie Phelan, Greg Freedman and Daniel Lebensohn and Gary Cohen

Privé at Island Estates developer sues Suffolk Construction over defects

Privé at Island Estates developer sues Suffolk Construction over defects
Inside South Florida’s mall, retail and restaurant reopenings

Inside South Florida’s mall, retail and restaurant reopenings

Inside South Florida’s mall, retail and restaurant reopenings
Seritage Growth Properties stopped construction at Esplanade at Aventura because of the pandemic, and now Mexican restaurant Carolo wants to break its lease.

Esplanade at Aventura work stoppage leads to lawsuit by Mexican restaurant

Esplanade at Aventura work stoppage leads to lawsuit by Mexican restaurant
9495 Biscayne Boulevard, CBRE’s Paul Ahmed and Mackenzie Fry

Triarch Capital scores $35M refinancing for One Turnberry Place

Triarch Capital scores $35M refinancing for One Turnberry Place
21440 Biscayne Boulevard and listing broker Jonathan Molano

Opportunity Zone site in Aventura hits market, could trade for $100M, broker says

Opportunity Zone site in Aventura hits market, could trade for $100M, broker says
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...