miami industrial real estate market reports
The Miami industrial market’s Q1 vacancy rate was 4.6% at the close of the quarter with a $13.16 per sq. ft. average (gross) lease rate. Industrial vacancies are for Miami warehouses are back below the National Index rate after climbing higher in 2020 for the first time in 20 years. Deliveries have totaled 4.7 million…
The Miami industrial market starts Q1 2020 with a 4.7% vacancy rate and $12.53 per SF average (gross) lease rate. There was 1.4 million SF of positive absorption over the past 12 months, with deliveries totaling 3.7 million SF in the same time. Two significant deals include leases signed by Home Depot with a…
The Miami industrial market ends Q3 2019 with a 4.2% vacancy rate and average lease rate over $12.32 per sq. ft. (gross). The strong activity continues as more companies expand and new companies move to the area. There was 3.1 million sq. ft. of positive absorption over the past 12 months; averaging about 1M sq.…
Please watch our video on Miami’s industrial real estate market report for the 4th quarter of 2018. Thank you.
The Miami industrial market ends 2018 with a 4.0% vacancy rate and a $10.52 per sq. ft. average (gross) lease rate. There was 3,595,710 sq. ft. of positive absorption for the year; averaging about 1M sq. ft. per quarter is a sign that our market is relatively healthy. There was 4,398,422 sq. ft. of new…
Please watch our video on Miami’s industrial real estate market report for the 3rd quarter of 2018. Thank you.
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…
Midway through 2018 we can report that the industrial real estate market in Miami remains very vibrant. The average gross lease rate has increased from $10.01 to $10.30 per sq. ft. The average vacancy rate has decreased from 4.4% to 4.1%. There has been a significant amount of deal volume, including three major sales transactions:…