miami industrial real estate market reports
Another half-million square feet of warehouse space was positively absorbed just over the past three months causing lease rates to slightly increase while the vacancy rate decreased to 7.5%. By comparison, the national vacancy rate is still roughly two percentage points higher at 9.3%. In our opinion, half of the properties that are available are…
Welcome to 2012. The Miami industrial real estate market continued its steady growth and improvement in 2011. In the past quarter, the vacancy has fallen once again to 7.9% while the lease rates have increased to an average of $7.21 per square foot. The national averages in comparison are now 9.5% and $5.11 per…
The sales and leasing activity remained steady for Miami’s industrial real estate market in the 3rd quarter of this year. Vacancy rates decreased slightly to 8.4% during this period while the average lease rates increased slightly to $7.15 per square foot. In comparison, the national averages are 9.6% and $5.13 psf respectively. The past and…
The Airport West and Medley industrial submarkets in Miami-Dade County continue to be the most vibrant in the nation. In this first quarter of 2011, there has been well over 1,000,000 square feet of warehouse space leased in these submarkets alone. This is the second, consecutive quarter of such activity. In these two quarters…
Welcome to 2011. In these times of uncertainty, you may always rely on the fact that ComReal’s quarterly reports for the Miami industrial real estate market are both a valuable resource for your business and always refreshingly candid. Enclosed you will find specific examples, backup data and our professional opinion of trends in the market.…
The Miami industrial real estate market becomes more vibrant while the sales and leasing of other types of real estate properties remain weak. Nearly 1M square feet of Miami warehouse space was absorbed in the 3rd quarter of 2010 decreasing the vacancy for the third consecutive quarter in a row to 9.3%. The average lease…
Is the Miami industrial real estate market back in 2010? If the first quarter will be of any indication for the rest of the year then the answer is absolutely YES! This quarter experienced a very significant amount of activity in the Miami industrial real estate market especially when compared to the prior quarters in…
Will 2010 be better, the same or worse? Let’s first look at how we ended 2009. The average vacancy rate has slightly increased to 10.3% and lease rates have fallen to an average of $7.44 psf gross. The total amount of annual transactions for both leased and sold industrial properties have decreased significantly. Many businesses…