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April 23, 2017

miami industrial real estate market report q1

Miami Industrial Real Estate Market Report First Quarter 2017

News & Press Releases, Quarterly Market ReportsBy Edward RedlichApril 23, 20171 Comment

Summary: The new year starts off with a slightly lower average lease rate of $9.54 per sq. ft. and a higher vacancy rate to 3.9%. The positive absorption was a healthy 602,988 sq. ft. The most significant disposition so far this year was TA Associates’ sale of seven warehouses totaling 550,000 sq. ft. to Brookfield…

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