South Florida’s retail leasing market in 2025 was shaped by the continued demand for grocery stores and fitness centers, despite an overall cooling in the region with lower rents and higher vacancies. Analysis by The Real Deal found that Miami-Dade County hosted most of the largest retail leases this year.
The largest lease was secured by Whole Foods Market, which took 60,000 square feet at Triarch Capital Group’s Aventura Town Plaza. According to Commercial Observer, Whole Foods signed a 20-year agreement with six five-year renewal options at the shopping center located between 18205 and 18299 Biscayne Boulevard. Triarch Capital Group is led by Daniel Halberstein, Mario Grosfeld, Stefan Grosfeld, and Jorge Linkewer.
BJ’s Wholesale Market followed with over 53,000 square feet for its BJ’s Market concept at Marketplace of Delray in Delray Beach. This marks the retailer’s second BJ’s Market location. The store is scheduled to open early next year.
Beauty Master leased 47,200 square feet at Cross County Plaza in West Palm Beach. The Georgia-based beauty supply chain operates more than a dozen locations across Georgia and Florida.
Publix Super Markets added another South Florida location by taking up 46,800 square feet at Sunrise Town Center in Sunrise. In addition to leasing new space, Publix expanded its property ownership this year with acquisitions totaling $150 million across several shopping centers.
Akira signed for 41,400 square feet on Lincoln Road in Miami Beach, occupying space previously held by Forever 21. Michael Comras’ Comras Company owns both Akira’s new and former locations on Lincoln Road.
BrandsMart USA renewed its lease for a 40,000-square-foot space at Shoppes at Dadeland in Kendall. BrandsMart sells home goods and consumer electronics.
Slick City Action Park leased a similar-sized space—40,000 square feet—at Westland Promenade in Hialeah. Slick City specializes in indoor slide parks and continues to expand nationally.
EōS Fitness also took a 40,000-square-foot lease at Palms at Town & Country in Kendall. EōS Fitness operates more than 150 gyms nationwide.
Crunch Fitness expanded as well with two significant leases: one for 38,200 square feet at Pompano Plaza in Pompano Beach and another for 37,000 square feet at Crystal Lake Shopping Center in Homestead.
“According to TapInto Pompano Beach: It is set to open next year.”
An entity managed by Jose Chacalo Hilu purchased Crystal Lake Shopping Center from MMG Equity Partners for $22.7 million in 2020.
Overall, these transactions reflect sustained interest from health-oriented retailers and grocers seeking large footprints throughout South Florida despite broader market challenges.
