ComReal Miami has prepared a report on the warehouse market in the Homestead / Florida City market. There are about 200 warehouses in the market totaling about 3,000,000 sq. ft. The vacancy is just under 5%. The average lease rate is $7.72 per square foot on a NNN basis, however we think that rate is…Details
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Edward J. Redlich, CCIM
ComReal Miami has recently conducted a study on refrigerated warehouse buildings in Miami-Dade County. The purpose was to identify both the total amount of refrigerated warehouses and the current availability. This report will better assist ComReal’s customers that are in the production and distribution of foods, beverages, pharmaceuticals, and perishables such as seafood, produce, fruits,…Details
1 Sale A Day, an e-commerce company from New York has relocated to Miami, Florida. Their new headquarters is now at 5960 Miami Lakes Drive in Miami Lakes. 1 Sale A Day now rents a smaller warehouse space in New York. The South Florida warehouse will be more than triple this size. Over 40 new…Details
The sales and leasing activity remained steady for Miami’s industrial real estate market in the 3rd quarter of this year. Vacancy rates decreased slightly to 8.4% during this period while the average lease rates increased slightly to $7.15 per square foot. In comparison, the national averages are 9.6% and $5.13 psf respectively. The past and…Details