The Real Deal – Real Estate news
by Francisco Alvarado
November 3, 2025
Miami Beach’s famous pedestrian mall experiencing a retail rebound
Scott Sherman still remembers when landlords could get top dollar asking rents for retail and restaurant spaces on Lincoln Road, the outdoor pedestrian mall in Miami Beach.
“Eight years ago, rents got ridiculous,” Sherman, who leads Miami-based Torose Equities, told The Real Deal. “They went from $150 to $300-plus a foot. Restaurants fled, national brands downsized and the street lost its energy.”
