Coconut Grove
Description
The Coastal Doors Where Bohemian Roots Embrace Luxe Living by the Bay Coconut Grove, Miami’s oldest neighborhood, is a place where history and nature harmonize with upscale living. This revitalized village blends the charm of its Bahamian roots with contemporary luxury, offering a unique mix of retail, dining, and culture. It's a premier destination for brands seeking to capture Miami’s laid-back coastal vibe. The Coconut Grove Experience Coconut Grove’s sunlit streets evoke the charm of a tropical oasis infused with modern urban flair. It is a collection of upscale shops and chic dining spots. At the heart of its transformation is CocoWalk, a once-bohemian hub now reborn as a sleek, 150,000-square-foot mixed-use center. Here, brands like Alice & Olivia, Brilliant Earth, and local boutiques cater to everyone from University of Miami students to affluent residents and international visitors. The Coastal Doors Where Bohemian Roots Embrace Luxe Living by the Bay Coconut Grove, Miami’s oldest neighborhood, is a place where history and nature harmonize with upscale living. This revitalized village blends the charm of its Bahamian roots with contemporary luxury, offering a unique mix of retail, dining, and culture. It's a premier destination for brands seeking to capture Miami’s laid-back coastal vibe. The Coconut Grove Experience Coconut Grove’s sunlit streets evoke the charm of a tropical oasis infused with modern urban flair. It is a collection of upscale shops and chic dining spots. At the heart of its transformation is CocoWalk, a once-bohemian hub now reborn as a sleek, 150...Read more
Local Expert Analysis
Retail Leasing and Market Dynamics Leasing activity in Coconut Grove is as strong as its nautical spirit, with gross rents ranging from $100 to $150 per square foot. Low vacancy rates below 5% highlight the steady demand for retail spaces, driven by both tourists and local residents. Many are drawn to the area’s strategic location near Miami’s Central Business District (CBD) and its reputation as a picturesque yet vibrant lifestyle hub. CocoWalk’s full occupancy post-renovation exemplifies the area’s leasing success, showcasing a dynamic tenant mix that includes both national brands and upscale local boutiques. Demographics and Foot Traffic The neighborhood attracts a broad mix of residents, from young professionals and families to international tourists and students from the University of Miami. While the winter months see peak foot traffic, thanks to seasonal residents, the Grove retains a consistent visitor base year-round due to its lively events, open-air festivals, and, of course, its peacock-filled parks. Even during the quieter summer months, tourists and locals alike enjoy the neighborhood’s mix of nature, culture, and high-end shopping. Future Trends Coconut Grove’s appeal remains steadfast and strong, galvanized by its mix of established brands, local Florida owned boutiques, and a very coastal cultural vibrancy. With consistent leasing momentum, low vacancy rates, and ongoing developments, the neighborhood is set to maintain its position as a top retail and lifestyle destination. Retail Leasing and Market Dynamics Leasing activity in Coconut Grove is as strong as its nautical spirit, with gross rents ranging from $100 to $150 per square foot. Low vacancy rates below 5% highlight the steady demand for retail spaces, driven by both tourists and local residents. Many are drawn to the area’s strategic location near Miami’s Central Business District (CBD) and its reputation as a picturesque yet vibrant lifestyle hub. CocoWalk’s full occupancy post-renovation exemplifies the area’s leasing success, showcasing a dynamic tenant mix that includes both national brands and upscale local boutiques. Demographics and Foot Traffic The neighborhood attracts a broad mix of residen...Read more
New Developments
CocoWalk continues to drive Coconut Grove’s retail success, featuring brands like Buck Mason, Free People Movement, and wellness-focused stores like Bluemercury. Meanwhile, the new Regatta Harbour project is reshaping the Grove’s waterfront scene, offering bay-view dining and events that attract Miami’s social set and boating enthusiasts. The mix of retail, dining, and community events along the marina underscores Coconut Grove’s evolving status as Miami’s premier lifestyle destination.