Demand for lower-square-footage industrial buildings continues to be fueled by evolving supply chain strategies, last-mile logistics needs and rising consumer expectations.
The flood of warehouse space in Miami has been met by steady demand for new facilities fueled by positive demographic growth and robust port activity, long-term trends that bode well for future growth.
Miami’s already-robust industrial market experienced its best year ever in 2021, according to a report released this week by real estate brokerage JLL. Vacancy rates fell to new lows, rental rates reached new highs and absorption crushed the old record, JLL said. Miami-Dade’s industrial boom comes with downsides, too, as users struggle to cope with rising