Q2 Report: Miami Industrial Market Stabilizes With Positive Absorption And Steady Rents

In Q2 2025, the Miami-Dade industrial market showed signs of stabilization, recording 239,864 square feet of positive net absorption after four consecutive quarters of decline.

Key move-ins from Amazon, Geodis, and Garland Food helped offset major departures, including MIFS and Monat.

Rental rates remained relatively stable. Warehouse/distribution rents averaged $16.59 per square foot—up 1.0% from the previous quarter but down 0.8% year-over-year. Office service rates held steady at $22.28, while manufacturing rents saw a slight increase to $16.68.

Construction activity continued with 1.4 million square feet delivered in submarkets such as Northeast Dade and Medley/Hialeah Gardens. The pipeline remains robust, with 4.5 million square feet currently under construction, signaling ongoing evolution in the region’s industrial real estate landscape.

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Source: Colliers News