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October 21, 2018

miami logistics

Miami Industrial Real Estate Market Report 3rd Quarter 2018

News & Press Releases, Quarterly Market ReportsBy EdOctober 21, 20181 Comment

  The average vacancy rate decreased to 3.8% and the average lease rates have increased to $11.76 per sq. ft. Landlords continue to drive rates up while giving tenants fewer concessions. Over 5MM sq. ft. is under construction in Miami’s industrial real estate market, however the net absorption for this quarter was only about 200,000…

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