FAQs

How many square feet of warehouse space is there in Miami?

During 2019, there were 246,000,000,SF of warehouse space in Miami. View our Market Reports

What's the average price to purchase a warehouse in Miami?

The average sale price for warehouse space in Miami during 2019 was $148/ Sq.Ft. For example, a 20,000 Sq.Ft. at $148/ Sq.Ft. would cost $2,960,000.

 

This being the average, prices vary drastically by area and size. A +/- 10,000 Sq.Ft. in Doral might cost over $150/ Sq.Ft. whereas in Hialeah, a +/- 10,000 Sq.Ft. might be under $100/ Sq. Ft.  

 

Another thing to consider is that the smaller the total warehouse space, the higher sale price per square foot. 

 

What's the average rental rate to lease a warehouse in Miami?

The average rental rate for warehouse space in Miami during 2016 was $12.40/ Sq.Ft per year. This rate is industrial gross, which includes property taxes, property insurance, and property maintenance. In this case, to rent a 20,000 Sq. Ft. warehouse, the monthly rent will be $20,666/ month.

 

Same as sales, the rental rates vary by size and location. Tenants can rent a warehouse as low as $7/ Sq.Ft. industrial gross. While brand new space by Miami International Airport can be leased for close to $14/ 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. Some facts about the building:

  • Address: 3300 NW 123rd St, Miami FL  33167

  • Size:  968,497 SF

  • Lot Size:  2,553,052 SF (+/- 58.61 acres)

  • Year Built: 1992

  • Rail: Yes, CSX

The largest freestanding multi-tenant, warehouse building in Miami is located at 6301 E 10th Ave, Hialeah FL.  The building is 970,804 SF on +/- 46.91 acres. Owned by Prudential Investment Branch and occupied by multiple tenants. 

Who are the largest landlords in Industrial Space in South Florida?

For 2020, here is a list of the top 10 owners of Industrial Real Estate in South Florida. Check out our video below for a summary! 

  1. Prologis, Inc - Market Share 6.5%

  2. The Blackstone Group L.P. - Market Share 3.4%

  3. Duke Realty Corporation - Market Share 2.7%

  4. Bridge Development Partners - Market Share 1.5%

  5. Seagis Property Group, L.P. - Market Share 1.5%

  6. PS Business Parks, Inc. - Market Share 1.1%

  7. Flagler Real Estate Services, LLC - Market Share 1.0%

Who are the largest tenants for Industrial Space in South Florida?

For 2020, here is a list of the top 5 Tenants for Industrial Real Estate in South Florida. No surprise on the first one. Check out our video below for a summary! 

  1. Amazon

  2. FedEx

  3. Home Depot

  4. C&S Wholesale Grocers (Winn-Dixie)

  5. USPS

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Miami, FL  33166

 

Doral, FL  33172​

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