Miami Design District Tim Gearhart | Leasing Rep - Restaurant (312) 960-2620 | , FL [email protected] Miami Design District PrProperoperttyy OvOverervievieww

One of the most important destinations for creative businesses in the country exists on an outstanding retail corridor in the famed Miami Design District. Retailers and restaurateurs are offered an unparalleled opportunity to lease space and become a part of the transformation of this historic region into a hub for luxury retail. The District spans 18-square blocks throughout the center of Miami, just minutes from with direct access to .

This creative epicenter began as a humble furniture district in the 1920s. Over the course of several decades, the buildings were vacated and remained that way until the mid-1990s. Miami-based real estate agency Dacra began acquiring buildings to encourage furniture warehouses and showrooms to repopulate the area. Buildings were salvaged, renovated and recast as showrooms for a range of home furnishings, from decor to bathroom fixtures. Slowly,the Design District became a destination for interior design and a place to source one-of-a-kind items.

In 2002, Art Basel Miami began to draw affluent shoppers to the Design District. Luxury retailers saw tremendous growth potential in Miami — Dacra and L Real Estate formed a partnership to own and curate the Miami Design District in 2010, and one year later established its Miami headquarters there. In 2013, Hermès followed suit and joined the luxury retailer in this high-end tourist attraction.

PRPROPERTYOPERTY INFORMAINFORMATIONTION 7-MILE RRADIUSADIUS Address: Miami Design District 2019 Population: 911,546 Market: Miami, FL 2019 Households: 354,254 Total Retail Square Footage: 823,496 2019 % of Households: w/Income $75k+: 28.11% TRTRADEADE AREA PRPROFILEOFILE w/Income $100k+: 19.23% 2019 Population: 6,101,718 2019 Average Household Income: $68,987 2019 Households: 2,275,020 2019 % Pop Age 25+ w/Bachelor’s Degree or Higher: 29.27% 2019 % of Households: 2019 Average Home Value: $455,628 w/Income $75k+: 37.96% 2024 Projected Population: 966,040 w/Income $100k+: 26% 2024 Projected Households: 376,110 2019 Average Household Income: $83,727 2024 Projected Average Household Income: $80,259 2019 % Pop Age 25+ w/Bachelor’s Degree or Higher: 32.69% 2019 Average Home Value: $373,198 DDAAYTIMEYTIME EMPLEMPLOOYMENTYMENT 2024 Projected Population: 6,436,406 3-mile radius total: 149,032 2024 Projected Households: 2,391,799 White Collar: 64% 2024 Projected Average Household Income: $96,168 Executive/Professional: 43% 5-Mile radius: 309,565 White Collar: 62% Executive/Professional: 40%

Source: ESRI Tim Gearhart | Leasing Rep - Restaurant (312) 960-2620 | [email protected] BRBROOKFIELDPROOKFIELDPROPERTIESRETOPERTIESRETAIL.COMAIL.COM