• The average asking lease rate in Q3 2019 was $9.81 per sq. ft., representing a $0.05 (0.5%) increase quarter-over-quarter and a $0.48 (5.1%) increase year-over-year.
  • Total vacancy for the Miami industrial market in Q3 2019 was 3.2%, rising 40 bps quarter-over-quarter and declining by 40 bps year-over-year.
  • The Miami industrial market currently has 21 projects totaling 3.6 million sq. ft. under construction and just under 1 million sq. ft. of planned projects.
  • In Q3 2019, sales volume amounted to $134 million in 16 transactions with an average sale price of $131 per sq. ft.
  • Year-to-date deliveries have added 2.9 million sq. ft. of industrial space to the market.