The demand is rising for flexible industrial spaces and short-term leases in key strategic areas as companies respond to shifting trade conditions fueled by tariffs and global economic uncertainty.
Absorption turning negative doesn’t tell the whole story. The underlying Miami-Dade industrial market fundamentals remain strong, with Class A industrial properties seeing peak vacancy rates due to recent completions.
Industrial has been the star of all the different sectors coming out of Covid, especially in metropolises that are super high density like South Florida. With a constraint on land, one of the growing trends in CRE is converting vacated office space into industrial use.
According to a pre-application filed with Miami-Dade County, Link Logistics wants to develop the 6.35-acre site at 7320 NW 61st Street. The plans include a building with 36-foot clearance and 24 truck doors plus 128 parking spaces. Seven tenant suites would range from 15,546 to 32,677 square feet.