Miami continues to lead the next phase of industrial growth across Florida’s core markets
- A clear development hierarchy is emerging across Florida’s industrial markets, and Miami sits at the top. With 3.5 million square feet under construction and the largest inventory in the state, Miami continues to serve as Florida’s primary industrial hub.
- In contrast, Fort Lauderdale, Orlando, and Tampa are expanding more conservatively with 1.5%, 1.6%, and 1.2% of inventory under construction, respectively, as prior waves of supply continue to lease up and developers take a more measured approach.
- West Palm Beach leads in relative growth (2.7% of inventory under construction) as constrained supply in South Florida’s core markets redirects capital north. These differences highlight a broader shift: Florida’s industrial cycle is now shaped by scale driven leadership in mature markets and ratio driven expansion in emerging ones.
Get market intel
US-FL-MIA Miami