CURRENT MIAMI WAREHOUSE MARKET STATUS: 4Q 2018
Avg. Lease Rate: $11.91 per sq. ft.
Absorption: 986,798 sq. ft.
Construction: 4,373,255 sq. ft.
The Miami industrial real estate market ended the year on another strong note. Vacancy rates remained flat, the average warehouse lease rate increased, 4th Quarter absorption was four times that of the 3rd Quarter 2018, and there is a lot of South Florida warehouse construction underway for 2019.
updated: January 2019