CBRE Group, Inc. has been exclusively retained to lease retail space at 529 and 531 Lincoln Road in the heart of Miami’s famed outdoor shopping, dining and entertainment district. CBRE’s Danny Diaz and Paco Diaz are representing building owner, well-known restauranteur Rosinella Italian Trattoria, to market 8,150 square feet of ground-floor and second-floor retail space. The ground floor availability features 2,300 square feet of space that can be leased as-is.
“This distinctive listing offers an unparalleled location in one of the most exciting retail destinations in Florida, the Lincoln Road pedestrian mall, that draws more than 10 million people each year,” said Paco Diaz, Senior Vice President with CBRE’s Retail Services.
“This assignment presents a unique opportunity for tenants seeking space on Miami’s famed Lincoln Road, with flexibility to lease the ground floor, second floor or both, it provides retailers with a variety of options for a flagship location,” added Senior Associate Danny Diaz.
The high-street retail segment has seen significant growth over the past few years with rents in these districts remaining well above the submarket average, according to CBRE’s third quarter Miami Retail MarketView Report.
The building offers 2,300 square feet on the ground floor plus a 600 square foot hallway and 5,250 square feet on the second floor, which can be leased separately or together.
529 Lincoln Road is within walking distance of 5,500 plus hotel rooms. South Beach draws more than 7.5 million overnight visitors annually producing $16.2 billion in direct expenditures.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors, and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
