Miami industrial real estate market reports
Q1 2025
Miami’s industrial market is regaining momentum following two quarters of negative absorption, with 69,670 square feet (sf) absorbed in the first quarter. Vacancy rose to 5.6% but remains well below the national average, particularly for spaces under 100,000 sf, where demand continues to outpace supply. Larger box product still faces headwinds, driving a widening vacancy spread across size segments. Asking rents edged up to $17.33 per square foot (psf), and tenant interest in high-quality infill space remains strong. With improving fundamentals and steady pricing, Miami is positioned for a more balanced year ahead.
Average asking rents
Asking rates have seen a slight increase over the last three quarters, rising 92 basis points since Q2 2024 to $17.33 per square foot NNN in Q1 2025.
Vacancy rate
The vacancy rate increased by 20 basis points from Q4 2024, reaching its highest level since Q2 2023, though it remains well below the national average of 6.7%.
Net absorption
After two quarters of negative absorption, Miami’s industrial market is showing early signs of recovery, with 69,670 sf absorbed in Q1 2025.
Your source for the latest Miami industrial real estate reports
Stay on top of current trends affecting the industrial real estate sector in Miami. Gain an overall better understanding of Miami's industrial real estate market conditions, so you can better formulate strategies to overcome any obstacle and know how to best invest in industrial real estate in Miami.
Here, you’ll always find the latest industrial real estate market news so you can stay ahead. Come back often to see expert insights on the current and future of Miami's industrial real estate market.