{"id":1350,"date":"2025-11-03T09:42:24","date_gmt":"2025-11-03T14:42:24","guid":{"rendered":"https:\/\/www.brickellsold.com\/blog\/lincoln-road-experiences-retail-rebound\/"},"modified":"2026-04-13T10:44:37","modified_gmt":"2026-04-13T14:44:37","slug":"lincoln-road-experiences-retail-rebound","status":"publish","type":"post","link":"https:\/\/www.brickellsold.com\/blog\/lincoln-road-experiences-retail-rebound\/","title":{"rendered":"Lincoln Road Experiences Retail Rebound"},"content":{"rendered":"
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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<\/a> Beach.<\/p>\n

\u201cEight years ago, rents got ridiculous,\u201d Sherman, who leads Miami-based Torose Equities, told The Real Deal. \u201cThey went from $150 to $300-plus a foot. Restaurants fled, national brands downsized and the street lost its energy.\u201d<\/p>\n

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\u2019s leased to AllSaints, a clothing store.\u00a0<\/p>\n

\u201cI\u2019ve always believed in the street,\u201d he said. \u201cThe pandemic and inflated rents reset everything. For the first time in years, the street\u2019s affordable enough for creative operators to come back.\u201d<\/p>\n

Once Miami<\/a> Beach\u2019s most famous pedestrian strip, Lincoln Road has spent the better part of the early 2020s trying to recover its footing. High rents, changing consumer tastes and the pandemic all gutted a corridor once teeming with national retailers and high-end restaurants. Now, some investors and commercial brokers are banking on the idea that a refreshed mix of restaurants, experiential tenants and lower rent expectations can again raise Lincoln Road\u2019s profile.<\/p>\n

Sherman and other Lincoln Road experts see recent trades, such as retail and hospitality investor Robert Rivani buying a building on the street (the former The Lincoln Theatre) that\u2019s leased to H&M and other tenants, as the beginning of a long-overdue rebound.<\/p>\n

\u201cI think now is a good time to be getting in,\u201d Sherman said. \u201cAnd I think we\u2019re gonna see it turn the corner and continue to get better over the next couple of years.\u201d<\/p>\n

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