Miami Beach discusses vacant storefront registry to combat rising commercial vacancies

The Finance and Economic Resiliency Committee of Miami Beach convened on February 21, 2025, to discuss critical initiatives aimed at addressing the city's growing challenges with vacant commercial storefronts and affordable housing. A significant focus of the meeting was the proposed implementation of a mandatory vacant storefront registry program, designed to encourage property owners to actively seek tenants for their unoccupied spaces.

Heather Shaw, the Economic Development Assistant Director, presented findings from a review of similar programs in other cities. The registry would require property owners to report vacancies within a specified timeframe and pay a registration fee. The funds collected would support efforts to connect property owners with potential tenants, thereby revitalizing commercial areas and enhancing foot traffic. However, Shaw noted that many cities faced challenges in enforcing compliance and achieving desired outcomes, raising concerns about the program's effectiveness.

Committee members expressed mixed feelings about the registry. While some acknowledged the need to address the issue of vacant storefronts, others questioned whether a government-mandated approach would yield the desired results. Suggestions included focusing on improving the permitting process to attract new businesses rather than imposing additional burdens on property owners.

The discussion also touched on the importance of increasing the overall housing supply in Miami Beach. Committee members emphasized the need for any taxpayer-funded initiatives to contribute to the creation of new housing rather than merely acquiring existing properties. This sentiment reflects a broader commitment to enhancing affordable housing options in the community.

As the meeting concluded, members agreed to continue the discussion on the vacant storefront registry next month, allowing for further input from the business community and potential refinements to the proposal. The committee's ongoing efforts highlight a proactive approach to economic resilience and community revitalization in Miami Beach, with a focus on collaboration and effective solutions.