Top Markets in Florida for Retail Property Investments
- Nate Jones, CPCU, ARM, CLCS, AU
- Oct 20
- 2 min read
Florida’s retail property market is thriving in 2025, driven by population growth, tourism, and a business-friendly climate. With over 1.3 billion square feet of retail inventory and vacancy rates below 4%, the Sunshine State offers lucrative opportunities for investors seeking stable returns and long-term growth.
Retail formats ranging from lifestyle centers to mixed-use developments are in high demand, especially in cities experiencing rapid demographic and economic expansion.
Top Florida Cities for Retail Property Investment
1. Miami-Fort Lauderdale-West Palm Beach
This tri-county region is a magnet for international investors and luxury retail brands. With over 123,000 new residents added in 2024, retail demand continues to surge.
Retail Hotspots: Brickell, Wynwood, Las Olas Boulevard
Investment Appeal: High foot traffic, tourism, and mixed-use developments
Insurance Tip: Coastal properties benefit from windstorm and flood coverage through Wexford Insurance.
2. Orlando-Kissimmee-Sanford
Orlando’s retail market is fueled by tourism and tech growth. With 15.2% projected home sales growth and 12.1% price appreciation, retail centers near theme parks and suburban communities are booming.
Retail Hotspots: International Drive, Lake Nona, Winter Park
Investment Appeal: High demand for short-term retail leases and experiential shopping
Insurance Tip: Protect against business interruption and liability with tailored coverage.
3. Tampa-St. Petersburg-Clearwater
Tampa’s Channelside District and Westshore are emerging retail hubs. The metro area boasts 20.9% combined growth in property value and sales.
Retail Hotspots: Hyde Park Village, Downtown St. Pete
Investment Appeal: Strong local economy and revitalized urban areas
Insurance Tip: Bundle multiple retail locations under one policy with Wexford Insurance.
4. Jacksonville
Jacksonville offers affordability and growth, making it ideal for retail strip centers and neighborhood plazas.
Retail Hotspots: Riverside, Town Center, Atlantic Boulevard
Investment Appeal: Lower entry costs and rising population
Insurance Tip: Consider general liability and property damage coverage for high-traffic retail zones.
5. Sarasota-Naples-Fort Myers
Southwest Florida is seeing a retail resurgence, especially in open-air shopping centers and resort towns.
Retail Hotspots: Downtown Naples, Coconut Point, Sarasota Square
Investment Appeal: High tourism and affluent demographics
Insurance Tip: Wexford Insurance offers specialized coverage for resort retail and seasonal businesses.
Final Thoughts
Florida’s retail property market is dynamic and full of opportunity. Whether you're investing in luxury storefronts in Miami or suburban strip malls in Jacksonville, choosing the right insurance partner is essential. Wexford Insurance provides comprehensive commercial property coverage tailored to retail investors—protecting your assets, income, and peace of mind. Contact now!
FAQs
1. What makes Florida attractive for retail property investment?
Florida’s population growth, tourism, and low taxes create strong demand for retail spaces.
2. Which retail formats are performing best in Florida?
Mixed-use developments, lifestyle centers, and grocery-anchored plazas are thriving.
3. How can I protect my retail property investment?
Wexford Insurance offers customized coverage for property damage, liability, and business interruption.