Bal Harbour is a village in Miami-Dade County, Florida, known for its luxury oceanfront properties, high-end shopping and dining, and upscale resorts. Bal Harbour’s commercial real estate market is primarily focused on retail and hospitality.
The Bal Harbour Shops is a world-renowned luxury shopping destination that is home to high-end retailers such as Chanel, Gucci, and Prada, among others. The property is owned by the Whitman family, which has invested millions of dollars in recent years to expand and renovate the mall.
In addition to the Bal Harbour Shops, there are a few other retail spaces and commercial buildings in the village. There are also several luxury hotels, including The St. Regis Bal Harbour Resort, The Ritz-Carlton Bal Harbour, and the recently renovated Four Seasons Hotel at The Surf Club.
The Bal Harbour commercial real estate market is highly competitive and sought-after due to its prime location and affluent demographic. As a result, rental rates and property prices in the area tend to be high. Bal Harbour commercial real estate market remains an attractive option for investors and businesses looking to establish a presence in a luxury market.