Although certain asset classes may see isolated trouble, the broader industrial market in Miami appears resilient, with no signs of systemic weakness. The occupancy has slipped slightly from about 98% to 95% but points to a more balanced market.
Class B and C industrial vacancy rates in Miami have remained stable, holding below 5%, as tenants increasingly prioritize value over newly built assets.
The new 340,000-square-foot facility—equivalent in size to six NFL football fields—will rise on previously unused land near Northwest 74th Avenue and 12th Street, southwest of the airport.
Analysts point to new tariffs imposed by the Trump administration as a key factor weighing on industrial development. This slowdown could undermine earlier expectations of a strong rebound in 2026.
Although demand for data centers continues to grow nationwide, Miami-Dade’s industrial real estate market has also seen significant expansion. the property’s proximity to Florida’s Turnpike makes it a strategic location for warehouse development.