Miami Commercial Real Estate Experts
Industrial • Retail • Multifamily • Development Sites
Miami at a glance
Miami-Dade is Florida’s most populous county with ~2.7M residents, a deep talent pool, and one of the nation’s most diverse economies. The region’s logistics backbone—PortMiami and Miami International Airport (MIA)—powers trade, perishables, and e-commerce: PortMiami handled ~1.09M TEUs in FY2024, ranking #1 in Florida for international containerized cargo, while MIA is America’s #1 airport for international air freight and handled a record ~3M tons of freight in 2024. These fundamentals underpin resilient demand for industrial, retail, and investment assets across the county.
Office demand in key nodes has also outperformed peers: 2025 began with positive absorption, and asking rents set new highs (Miami avg. ~$62/SF; Brickell ~$91/SF, Class-A trophy deals even higher). New product like Wynwood Plaza is leasing up through 2025.
On the industrial side, Miami saw a rapid expansion cycle post-2020; vacancy troughed near 2.6% and has since normalized with new deliveries (about 6.3–6.5% vacancy in mid-2025). Rents remain elevated given land constraints and irreplaceable last-mile locations.
Why invest in Miami
Global trade & logistics hub: PortMiami + MIA connect Latin America, Europe, and the U.S.; unrivaled perishables & air cargo gateway.
Business & population growth: Largest county in FL (~2.7M), diversified economy, steady in-migration and company relocations.
High-performing submarkets: Brickell/CBD office rents at national highs; industrial corridors (Hialeah/Doral/Medley) drive last-mile distribution
Constrained land supply: Limited infill sites support rent durability for industrial and well-located retail/multifamily. (Inference based on vacancy normalization + land scarcity trends in reports.)
Asset classes
Industrial (Warehouses & Logistics)
Land-constrained, port/airport-driven, resilient last-mile demand.
Retail (Corridors & Urban Streets)
Experiential retail & F&B thrive in Brickell, Wynwood, Miami Beach.
Multifamily (Investment & Value-Add)
Strong renter demand; value-add in Little Havana, Allapattah, North Miami.
Development Sites & Land
Assemblies and covered land plays in Wynwood, Little River, Allapattah.
Miami submarkets
Industrial:
Retail:
Multifamily:
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Recent market notes
Office: Brickell/CBD rents leading the nation; trophy deals well above market averages; early-2025 absorption turned positive.
Industrial: Cycle normalized with new supply; vacancy around ~6–6.5% mid-2025; rents remain elevated for well-located assets.
Retail: Institutional interest in prime assets (e.g., Brickell City Centre retail deal) underscores demand for flagship locations.
FAQs
Q1: What are Miami’s strongest industrial corridors?
A: Hialeah, Doral, Medley, Airport West, and Allapattah—benefiting from proximity to PortMiami and MIA, plus labor and highway access. See submarket pages for live options.
Q2: How is Miami’s office market performing?
A: Despite national headwinds, Miami has seen record asking rents (avg. ~$62/SF; Brickell ~$91/SF) and positive 2025 absorption, with new Class-A product leasing. Office highlights
Q3: What’s the outlook for industrial vacancy and rents?
A: After bottoming near 2.6% in 2022, vacancy normalized to ~6–6.5% by mid-2025 as deliveries outpaced demand; rents remain resilient in infill submarkets. See Industrial
Q4: How important are PortMiami and MIA to CRE?
A: They’re the backbone: PortMiami handled ~1.09M TEUs in FY2024, and MIA is #1 in the U.S. for international air freight with ~3M tons in 2024—both support distribution, perishables, and trade-driven space demand.
Q5: Where can I find market reports for Miami?
A: Check our quarterly insights and submarket pages for updated commentary and comps; we also track county demographics via the Beacon Council.
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