Miami Industrial Real Estate Market Midyear Report 2018

Midway through 2018 we can report that the industrial real estate market in Miami remains very vibrant. The average gross lease rate has increased from $10.01 to $10.30 per sq. ft. The average vacancy rate has decreased from 4.4% to 4.1%. There has been a significant amount of deal volume, including three major sales transactions:…

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Redland Florida Industrial Agricultural Land Sold

June 2018 – ComReal has just sold ten acres located at 21250 SW 167th Avenue in Redland, Florida. The property is in un-incorporated Miami-Dade County and has dual-zoning: industrial / agricultural. The final sales price was $1,550,000 or $155,000 per acre. The buyer and new owner is Gabriel Serrano, with Aeroservicios USA, who will use…

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Florida City Commercial Land for Sale

New exclusive listing! 14.6 commercial acres for sale located at 601 NW 3rd Avenue in Florida City, Florida. The site is on Krome Avenue (US Highway 27) just off of Highway US 1 and the Florida Turnpike. This commercial development opportunity is ideal for retail, office, mixed-use, entertainment and more! Neighbors include Walmart, Home Depot,…

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Palmetto Industrial Land in Miami Sold

June 2018 – ComReal Miami-Doral is pleased to announce the sale of an eight acres site located at 7290 NW 77 Court in Miami on the Palmetto Expressway near Miami International Airport. The sales price was $5,500,000 (about $700,000 per acre or $16 per sq. Ft.) The sellers, the Diaz family, wisely chose to dispose…

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