South Florida’s industrial market saw record-breaking numbers in 2022, and with a positive outlook and little sign of slowing down, low vacancies are expected to continue.
According to JLL’s Q4 Industrial Insight Reports for South Florida, Miami-Dade County’s industrial market will continue to remain hot for both landlords and investors. The report says that as the county remains a gateway to America, there’s no surprise the demand continues to outpace supply and new deliveries. Landlords are able to push rental rates with quarter-over-quarter rent growth at 4%. Year-over-year rent growth in Miami-Dade is at 45%, double what asking rates were a year ago.
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