CURRENT MIAMI WAREHOUSE MARKET STATUS: 4Q 2017
Avg. Lease Rate: $9.76 per sq. ft.
Absorption: 373,017 sq. ft.
Construction: 5,084,198 sq. ft.
The Miami industrial real estate market ended the year on a strong note. Vacancy rates decreased, the average warehouse lease rate increased, 4th Quarter absorption was double that of the 3rd Quarter 2017, and there is a lot of South Florida warehouse construction underway for 2018.
updated: January 2018