miami industrial real estate market reports
Midway through 2016 and the industrial market continues to grow. Once again average lease rates have increased slightly to $9.41 per sq. ft. and the vacancy rate has decreased slightly to only 4.4%. In our opinion, many of the available industrial properties are either overpriced and/or have functional challenges. The largest lease transaction of the…
2016 commences with strong activity in Miami’s industrial real estate market. The average lease rate has increased to $9.24 per sq. ft. and the average vacancy rate has decreased to 4.5%. The largest lease transaction of the 1st quarter was Amazon.com’s deal for the entire Building #5 of 180,000 sq. ft. at South Florida Logistics…
2015 was a record breaking year for Miami’s industrial real estate market. Lease rates now average $9.01 per sq. ft. and sales prices average $95.94 per sq. ft. Neither stat has ever been higher. Positive absorption was a very impressive 3.9M sq. ft. bringing our overall occupancy up to over 95% (the vacancy rate is…
Summer seasons are typically slow in Miami, however the Miami industrial real estate market experienced an increase in the average lease rate to $8.77 per sq. ft. and a decrease in vacancy to 4.7%. Over 3M sq. ft. has been absorbed this year with one more quarter to go. At this pace, we might break…
The Midyear 2015 Industrial Real Estate Market Reports shows that the Vacancy Rate has fallen once again to just under 5% and the Average Lease Rates are up to $8.62 per sq. ft. This marks the eleventh consecutive quarter since 2012 of such trends. Prospective buyers and tenants continue to find it increasingly difficult to…
The new year has started very strong for the Miami industrial real estate market. The average lease rates have already increased to $8.53 per sq. ft. and the average vacancy rate fell to 5.2%. The net absorption for the 1st quarter was an astounding 1.4M square feet. The largest lease so far this year was…
Florida has a long history of being a great state for real estate. The old time salesmen have a saying: “pay them in sunshine”. In addition to great weather, Miami has the opportunities, the trade routes and the relationships that other markets simply do not. Miami possesses connections with not only Latin America, but around…
Key Statistics of Third Quarter 2014: Vacancy Rates remains equal as at Second Quarter of 5.7% 5 New Projects delivered totaling 706,444 square feet Rental Rates running at $8.42/ Sq. Ft. Projects under Construction total 760,097 square feet. The Miami-Dade County Industrial market ended the third quarter of 2014 with a vacancy rate of 5.7%…