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October 25, 2016

miami-industrial-real-estate-market-report-q3-2016

Miami Industrial Real Estate Market Report Third Quarter 2016

Quarterly Market ReportsBy EdOctober 25, 20161 Comment

In this 3rd quarter of 2016, Miami’s industrial real estate market experienced another increase of average lease rates to $9.41 per sq. ft. and a decrease in the average vacancy rate to 3.9%. Nearly one million square feet of warehouse space was absorbed mostly by larger, national companies. Over four million square feet of new…

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