Lincoln Road landlords and brokers stage a comeback

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.” Sherman, who was among the landlords steering the Lincoln Road Business Improvement District in the 2010s, returned to the street last year after nearly a decade, paying $10.4 million for a two-story building at 910 Lincoln Road that’s […]

This article originally appeared on The Real Deal. Click here to read the full story.