According to a new Avison Young report, demand for warehouse space in Miami has pushed vacancy rates to a record low 2.7 percent in the third quarter, falling 33 basis points year-over-year. CLICK ON THE HEADLINE FOR MORE
Duke Realty purchased three newly constructed industrial buildings last year and, to date, has leased approximately 530,000 square feet to distribution-related businesses.
Miami remains one of the nation’s tightest industrial markets, with vacancy consistently below 5 percent since 2015, reaching as low as 4.1 percent in the past year. CLICK ON THE HEADLINE FOR MORE
According to a new CBRE report, Miami is among one of the most favorable markets for multistory industrial development due to high land prices, dense population and high concentration of e-commerce shoppers. CLICK ON THE HEADLINE FOR MORE
