Miami-Dade’s industrial real estate market is showing signs of change as rental rates decline and available warehouse space increases. For businesses leasing space near Miami International Airport, the latest numbers could signal an important shift.
Demand for lower-square-footage industrial buildings continues to be fueled by evolving supply chain strategies, last-mile logistics needs and rising consumer expectations.
After four consecutive quarters of decline, the Miami-Dade industrial market showed signs of stabilization, recording 239,864 square feet of positive net absorption.