Miami Industrial Real Estate Market Report Mid-Year 2012
Miami-Dade County experienced another very strong quarter increasing the total positive absorption of warehouse space to over 1,000,000 sq. ft. at the mid-year mark. The vacancy rate is now 7.1% which is down from 7.5% in the past quarter. The average lease rates have increased slightly to $7.42 psf. There are six warehouse buildings totaling nearly one million…