SRS REAL ESTATE PARTNERS
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from every angle
SRS shines in Florida
The
Florida CRE Retail Roundup Issue
Retail Industrial Capital Markets
A UGUST 2026
Florida A S T A T E B U I L T F O R G R O WT H Supported by favorable demographic trends and a diverse economic base, Florida continues to strengthen its competitive position. More than one million new residents have made Florida their home since 2022, fueling residential and mixed-use development that is expanding consumer reach across every region. Combined with one of the nation’s highest-ranked economies and a business-friendly environment, these advantages continue to attract long-term investment.
Vacancy Rate
Market Asking Rent Growth
SF of Inventory
SF Under Construction
12-Month Net Absorption SF
Jacksonville MSA
5.0%
7.7%
102,794,317
898,741
218,166
Miami-Ft. Lauderdale MSA
3.5%
0.7%
333,356,099
2,424,836
896,204
Orlando MSA
4.1%
3.6%
238,329,281
821,438
1,419,371
Tampa MSA
3.8%
6.1%
262,783,720
2,578,727
993,296
Naples-Ft. Myers-Punta Gorda
3.5%
1.8%
84,944,460
658,830
783,079
Market
Source: CoStar
Total Employment
Job Growth (5-yr)
Population
Population Growth (5-yr)
Median HHI
Median HHI Growth (5-yr)
803,500
10.9%
1,805,726
1.5%
$88,523
3.4%
Miami-Ft. Lauderdale MSA
2,997,300
14.1%
6,379,024
0.5%
$85,523
3.8%
Orlando MSA
2,010,700
18.3%
4,424,046
1.4%
$84,098
3.4%
Tampa MSA
2,212,100
13.6%
5,297,601
1.3%
$82,754
3.8%
558,800
14.5%
1,526,456
1.6%
$90,821
3.2%
Market Jacksonville MSA
Naples-Ft. Myers-Punta Gorda CSA
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Sources: Esri, U.S. Bureau of Labor Statistics
#1
State for attracting and developing talent for the 3rd consecutive year Lightcast Talent Attraction Scorecard
#1
State for new business formation since 2019 U.S. Census Bureau
$1.9T
Value of Florida’s economy U.S. Bureau of Economic Analysis
3rd
Largest workforce in the U.S. U.S. Bureau of Labor Statistics
Strong State Incentive Programs & Policies
• No sales tax on commercial leases • Community Redevelopment Areas (CRA) fund
redevelopment improvements • Tax Increment Financing (TIF) reinvests tax growth into infrastructure • Florida Job Growth Grant Fund (JGGF) supports business growth
and infrastructure • Strategic Intermodal System (SIS) improves freight and commercial access • Opportunity Zones encourage investment through federal tax incentives • Brownfield Redevelopment Program supports site redevelopment • Expedited permitting accelerates development approvals • Moving Florida Forward invests $4 billion in transportation infrastructure • No state personal income tax attracts businesses and residents 3
Regional Highlights FIVE R EG I ON A L M A R K E T S
$133.3B
Tourism economic impact FL.Gov
143.3M Visitors in 2025 FL.Gov
#5
Best state business tax climate Tax Foundation 2026
South Florida
attracts investment
With more than 6.4 million residents, the Tri-County Area is Florida’s largest metropolitan region and serves as the state’s gateway for international business, tourism, finance, and global trade. The market continues to attract corporate investment, skilled talent, and international migration, supporting one of the nation’s deepest consumer bases. Looking ahead, Miami Freedom Park and Miramar Cove will deliver nearly 1.0 million square feet of lifestyle retail integrated with residential, hospitality, entertainment, and office uses, reinforcing South Florida’s development toward experiential, mixed-use retail destinations.
Miami Fort Lauderdale West Palm Beach
2.4M
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#3
333M+
SF of retail under
among large U.S. metros
SF of retail inventory,
construction
for talent attraction
largest in Florida
Driven by in-migration, economic diversification, and continued investment, Florida’s five major regions offer a compelling combination of scale, stability, and long-term opportunity. Strong market fundamentals continue to support investment across established trade areas and growth corridors.
Southwest Florida
in high demand
Southwest Florida remains one of Florida’s most desirable growth markets, driven by sustained in-migration, and new residential development. National recognition in Lightcast’s 2025 Talent Attraction Scorecard highlights the region’s continued ability to attract both residents and employers, while strong job growth continues to expand the consumer base. These trends position Southwest Florida for continued retail investment to serve its growing population, particularly across groceryanchored centers, lifestyle retail, and neighborhood shopping centers.
Fort Myers Naples Punta Gorda
#10
#5
14.5%
large metro for talent
mid-size metro for talent
five-year job growth, driven by
attraction (Naples)
attraction (Punta Gorda)
continued economic diversification
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Single family growth expected to increase 45% compared to the next closest residential market
2.6M SF new retail under construction, the largest retail development pipeline in Florida
Three top 10 metros for talent attraction: Sarasota #7, Tampa #8, Lakeland #9
Tampa Sarasota Lakeland
Orlando a retail powerhouse Central East Florida is translating strong population and employment gains into retail success. The region leads Florida in both retail absorption and planned single-family residential development, providing a solid foundation for continued expansion. Lake Nona West’s opening demonstrates the market’s ability to quickly absorb new retail space, while ongoing residential development across Orlando, Daytona Beach, and Melbourne continues to expand the region’s consumer base. Together, these trends are creating a pipeline of future demand that supports continued retail development across both established and emerging trade areas.
High rent growth 7.7% asking rent growth, the highest among Florida’s major markets
Residential growth St. Johns County continues to lead residential growth, anchored by Durbin’s expanding mixed-use corrdior
$7B pipeline Expanding residential density and new retail development in Downtown Jacksonville 6
Tampa fuels retail growth No region in Florida is experiencing more development activity than Central West Florida. The market leads the state in both single-family residential and retail development, creating a steady pipeline of future consumers and retail demand. Pasco County remains at the center of that expansion, with projects including Two Rivers, Double Branch, and The Collections at Mitchell Ranch adding thousands of residential units and expanding the region’s commercial footprint. Combined with continued investment across healthcare, life sciences, financial services, logistics, and technology, these sectors are broadening the region’s employment base while reinforcing long-term retail demand.
High retail absorption 1.4M SF of retail absorption, the highest among Florida’s major markets
Strong job growth 18.3% five-year job growth, the strongest among Florida’s major markets
Orlando Daytona Melbourne
Planned residential pipeline Florida’s largest planned residential pipeline, supporting long-term retail demand
Jacksonville on the rise Residential expansion continues to reshape Northeast Florida, with growth extending from St. Johns County into Jacksonville’s urban core. The Durbin corridor remains one of the region’s most active districts, as master-planned communities bring new housing, retail, healthcare, and lifestyle amenities to one of Florida’s fastest-growing counties. At the same time, Downtown Jacksonville’s $7B development pipeline, including the Four Seasons and Jacksonville Jaguars Stadium of the Future, is creating new residential density, public investment, and additional opportunities for neighborhood and destination retail.
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Tenant Services WE KNOW R E T A I L We specialize in new locations, surplus disposition, lease renewal, lease administration, portfolio optimization, real estate outsourcing, analytics & consulting, and technology solutions.
“Central Florida’s growing demand for retail is fueled by rapid population growth and a strong regional economy that reaches far beyond theme parks and tourist driven resorts.” Jason Kaiser
Retail | Orlando
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We work with brands in Florida like...
Partial tenant representation list
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Owner Services TAIL OR ED S E R V IC E S F O R O WNE RS We specialize in leasing, property acquisition, property sales, surplus disposition, and analytics & consulting. Highlighted Properties on the Market
See all available properties at SRSRE.COM/Properties
Double Branch
Winter Garden Village
SEC I-75 & SR 52 | San Antonio, FL Double Branch is more than a shopping center—it’s an experience. Designed as a vibrant, walkable town center, it seamlessly integrates national retailers, local purveyors, dining, entertainment, and outdoor spaces.
3251 Daniels Road | Winter Garden, FL Premier 1.15 million-square-foot open-air lifestyle center shadow-anchored by Target and Lowe’s, serving Orlando’s most affluent communities with a best-in-class mix of national retailers, restaurants, and services.
The Point at Durbin
Shoppes at Wekiva Ranch
9B & East Peyton Parkway | St. Johns, FL 32259 The super regional master planned development encompassing 1,600 acres in northwest St. Johns County, one of the fastest growing counties in the country. 10
Kelly Park Road | Apopka, FL 32712 A mixed-use destination in Apopka with on-site parking and exceptional accessibility via the completed Wekiva Parkway.
Berkeley at Durbin
Gaitway Plaza
9B & Peyton Pkwy | St. Johns, FL 32260 This is a brand new center being developed on 9B, anchored by Whole Foods.
2701 SW College Road | Ocala, FL 34474 Well-positioned neighborhood retail center at the signalized intersection of College Road (SR 200) and SW 27th Avenue, offering exceptional visibility and exposure along Ocala’s primary east-west commercial corridor.
Deerwood Village 9834-9978 Baymeadows Road | Jacksonville, FL 32256 This center is serving the exclusive residential community of Deerwood Country Club situated on 900 acres with homes in the $1-2M range.
Argyle Village 6001 Argyle Forest Blvd | Jacksonville, FL 32244 Dominant shopping center strategically positioned within the regionally traded submarket of Orange Park, FL.
Island Walk Fleming Island 1984-1999 East West Pkwy | Fleming Island, FL 32003 Located on E West Parkway at the signalized intersection of the highly traveled corridor CR 220, this property is anchored by Kohls, Sephora, and Michaels.
The Collection at Mitchell Ranch Coming Soon | Trinity, FL 34655 An upcoming mixed-use development designed to become Trinity’s definitive lifestyle shopping destination.
Loxahatchee Groves Retail Land Available NEQ Southern Blvd & Binks Forest Dr | Loxahatchee Groves, FL 33470 The project is fully entitled for up to 600,000 SF of retail in one of the nation’s fastest-growing residential markets.
Moccasin Wallow Rd & Gateway Blvd Moccasin Wallow Rd & Gateway Blvd | Palmetto, FL 34221 Prime 1.24-acre opportunity on Moccasin Wallow Road adjacent to I-75, surrounded by explosive residential growth.
Retail Land Parcel in Coral Springs 8191 Wiles Rd | Coral Springs, FL 33067 Prime commercial land parcel in affluent Coral Springs/ Parkland trade area, adjacent from Publix-anchored center.
Tequesta Village Square 241-289 US Hwy 1 | Tequesta, FL 33469 Retail space with prime highway frontage, ample parking and high visibility signage opportunity in the heart of Tequesta’s main retail corridor.
Colonial Promenade 4600 E Colonial Drive | Orlando, FL 32803 Premier Orlando Fashion Square area retail center positioned on highly trafficked E Colonial Drive, and strategically located at the entrance to Baldwin Park and the Orlando Executive Airport, capturing affluent residential and commuter traffic.
Heathrow Marketplace 100-120 International Parkway | Heathrow, FL 32746 Heathrow Marketplace is a premier retail opportunity within a re-imagined mixed-use destination and located at prime signalized corner of International Pkwy & Lake Mary Blvd.
MAA Breakwater Waterfront Restaurant Pad 5440 Tyson Avenue | Tampa, FL 33611 This premier waterfront development opportunity in South Tampa offers a rare chance to establish a flagship restaurant destination overlooking Tampa Bay.
Our owner services clients include... Partial client list
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Capital Markets INCOM E- P RO D U C I N G I N V E STME NTS We specialize in national net lease investments, multi-tenant investments, sale leaseback, 1031 exchange, debt & equity, franchise M&A, and advisory.
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Highlighted Properties on the Market
See all available properties at SRSRE.COM/Properties
CVS
Chick-fil-A
San Antonio, FL Price: $12,441,000 Cap Rate: 5.75%
Tampa, FL Price: $9,176,000 Cap Rate: 4.25%
The Yard at Waterset
Wawa
Apollo Beach, FL Price: $8,937,000 Cap Rate: 6.10%
Sanford, FL Price: $5,106,000 Cap Rate: 4.75%
Recently Closed Sprouts Venice, FL Price: $14,800,000
Heritage Station Bradenton, FL Price: $10,975,000
“While we transact investment properties on a national basis, Florida properties continue to demand the lowest cap rates in the country, exemplifying the high demand for capital placement within the Sunshine State.” Patrick Nutt
Capital Markets | Tampa
EōS Fitness Fern Park, FL Price: $11,189,000
Top Florida Market Share
CVS Yulee, FL Price: $10,300,000
64% 7-Eleven Melbourne, FL Price: $9,774,743
60%
Dutch Bros
53%
Fort Myers, FL Price: $3,224,000 Cap Rate: 5.25% 13
SRS Florida RO OT S I N F L O R IDA F O R N E ARLY 4 0 Y E ARS With offices in Orlando, Fort Lauderdale, Tampa, Miami, and Jacksonville, we provide best-in-class commercial real estate services across Florida. Veteran Leadership John Artope Executive Vice President & Managing Principal 407.902.2621 | john.artope@srsre.com RETAIL
John Fahey Senior Vice President & Managing Principal 813.551.0895 | john.fahey@srsre.com RETAIL
Patrick Nutt
Tyler McRae Senior Vice President & Managing Principal 813.424.2502 | tyler.mcrae@srsre.com RETAIL
Senior Managing Principal & Co-Head of National Net Lease 954.302.7365 | patrick.nutt@srsre.com CAPITAL MARKETS
William Wamble
Wayne Schuchts
Executive Vice President & Principal 813.371.1079 | william.wamble@srsre.com CAPITAL MARKETS
Senior Vice President & Managing Principal 786.687.1395 | wayne.schuchts@srsre.com INDUSTRIAL
Office Locations
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We’re always looking for top talent in Florida.
Orlando
Fort Lauderdale
SRSRE.COM/Orlando 200 S Orange Avenue, Suite 1300 Orlando, FL 32801 407.455.5030
SRSRE.COM/Fort-Lauderdale 200 SW 1st Avenue, Suite 970 Fort Lauderdale, FL 33301 954.703.3600
Tampa
Jacksonville
Miami
SRSRE.COM/Tampa 1501 W. Cleveland Street, Suite 300 Tampa, FL 33606 813.371.0980
SRSRE.COM/Jacksonville 1301 Riverplace Boulevard, Suite 800 Jacksonville, FL 32207 904.758.8875
SRSRE.COM/Miami 19505 Biscayne Boulevard, Suite 2350 Aventura, FL 33180 843.735.2803
Reach out to any member of our leadership team for more information on joining SRS.
Brokerage Team Jason Kaiser
SVP & Principal
jason.kaiser@srsre.com
407.455.5029
Retail
Orlando
Stephanie McCullough
SVP & Principal
stephanie.mccullough@srsre.com 904.595.6128
Retail
Jacksonville
Robby Holihan
SVP & Principal
robert.holihan@srsre.com
407.563.6125
Retail
Tampa
Daniel Earles
Senior Vice President
daniel.earles@srsre.com
813.424.2500
Retail
Tampa
Chris Stewart
Senior Vice President
chris.stewart@srsre.com
813.540.5346
Retail
Tampa
Michael Weiss
Senior Vice President
michael.weiss@srsre.com
954.703.3647
Retail
Fort Lauderdale
Willow Ferrelli
Senior Vice President
willow.ferrelli@srsre.com
407.453.1858
Retail
Tampa
Sandi Bargfrede
Senior Vice President
sandi.bargfrede@srsre.com
407.491.8149
Retail
Orlando
Brandon Woulfe
Vice President
brandon.woulfe@srsre.com
954.703.3604
Retail
Fort Lauderdale
Mara Frumkin
First Vice President
mara.frumkin@srsre.com
407.563.6121
Retail
Orlando
Grant Burt
Senior Associate
grant.burt@srsre.com
813.379.3445
Retail
Tampa
Jennifer Dunn
Senior Associate
jenn.dunn@srsre.com
407.204.9722
Retail
Orlando
Kelsey Williams
Senior Associate
kelsey.williams@srsre.com
404.441.9506
Retail
Tampa
Serenity Lorenz
Senior Associate
serenity.lorenz@srsre.com
904.887.3302
Retail
Orlando
Caroline Connelly
Associate
caroline.connelly@srsre.com
813.379.3449
Retail
Tampa
KC Herbert
Associate
kc.herbert@srsre.com
407.757.1629
Retail
Orlando
Annie Lee O'Steen
Associate
annie.osteen@srsre.com
904.758.8913
Retail
Jacksonville
Jacob Rasnick
Associate
jacob.rasnick@srsre.com
813.379.3444
Retail
Tampa
Jarrett Slear
Vice President
jarrett.slear@srsre.com
813.683.5115
Capital Markets
Tampa
Jaime Salazar
Senior Associate
jaime.salazar@srsre.com
954.703.3602
Capital Markets
Fort Lauderdale
Ben Keefe
Senior Associate
ben.keefe@srsre.com
813.440.2791
Capital Markets
Tampa
Connor Barton
Associate
connor.barton@srsre.com
954.400.2748
Capital Markets
Fort Lauderdale
Hayden Bruno
Associate
hayden.bruno@srsre.com
813.540.6521
Capital Markets
Tampa
Ian Mahoney
Associate
ian.mahoney@srsre.com
813.586.1914
Capital Markets
Tampa
Andrew Lehrer
Vice President
andrew.lehrer@srsre.com
786.687.2194
Industrial
Miami
Jarrett Hillman
Associate
jarrett.hillman@srsre.com
786.607.2041
Industrial
Miami
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