How many square feet of warehouse space is there in Miami?
During 2016, there were 234,653,908 Sq. Ft. of warehouse space in Miami. You can see our latest Market Report Here.
What’s the price to buy for a warehouse in Miami?
The average sale price for warehouse space in Miami during 2016 was $86.45/ Sq.Ft. For example, a 20,000 Sq.Ft. at $86.45/ Sq.Ft. would cost $2,161,250.
This being the average, prices vary drastically by area and size. A +/- 10,000 Sq.Ft. in Doral might cost over $120/ Sq.Ft. whereas in Hialeah, a +/- 10,000 Sq.Ft. might be under $70/ Sq. Ft.
Another thing to consider is that the smaller the total warehouse space, the higher sale price per square foot.
What’s the price to lease a warehouse in Miami?
The average rental rate for warehouse space in Miami during 2016 was $9.41/ Sq.Ft per year. This rate is industrial gross, which includes property taxes, property insurance and property maintenance. In this case, to rent a 10,000 Sq. Ft. warehouse, the monthly rent will be $7,841.67/ month.
Same as sales, the rental rates vary by size and location. Tenants can rent a warehouse as low as $5/ Sq.Ft. industrial gross. While brand new space by Miami International Airport can leased for close to $11/ Sq.Ft. Industrial gross.
What’s the largest warehouse in Miami?
The largest freestanding, single tenant warehouse building in Miami is the Winn Dixie Distribution facility; located at 3300 NW 123rd ST Miami, FL 33167. The building is 968,497 Sq. Ft. on +/- 58.61 Acres.
It’s a unique facility for the Miami Industrial Real Estate Market.
Here are some facts about the building:
3300 NW 123rd StMiami, FL 33167
|Lot Size:||2,553,052 Sq.Ft. (+/- 58.61 Acres)|
|Owner/Tenant:||Winn Dixie Stores|
The largest freestanding, multi-tenant, warehouse building in Miami is located at 6301 E 10th AVE Hialeah, FL. The building is 970,804 Sq. Ft. on +/- 46.91 Acres. Owned by Prudential Investment branch and occupied by multiple tenants.