• The average asking lease rate in Q2 2019 was $9.76 per sq. ft., representing a $0.09 (0.9%) increase quarter-over-quarter and a $0.53 (5.7%) increase year-over-year.
  • Total vacancy for the Miami industrial market in Q2 2019 was 2.8%, declining 10 bps quarter-over-quarter and 80 bps year-over-year.
  • The Miami industrial market currently has 17 projects totaling 3.1 million sq. ft. under construction and 1.1 million sq. ft. of planned projects.
  • In Q2 2019, sales volume amounted to $86 million in eight transactions with an average sale price of $138 per sq. ft.
  • The year-to-date deliveries have added 2.1 million sq. ft. of industrial space to the market