CURRENT MIAMI WAREHOUSE MARKET STATUS: 4Q 2015
Avg. Lease Rate: $9.01 per sq. ft.
Absorption: 901,957 sq. ft.
Construction: 459,805 sq. ft.
The Miami industrial market continued to see an increase in lease rates and absorption. There was a slight decrease in warehouses that were delivered, and we watched the vacancy rate decrease another 0.2%. Over the last several years, we have seen a constant decrease in the overall vacancy rate, increase in lease & sale prices, while warehouse construction keeps on rolling.
updated: February 2016