South Florida is one of the most active and strongest markets for Industrial Real Estate in the country. From Homestead in the South to all the way North to Palm Beach, this area benefits from continuous population growth as well as strong ports and airports in each County. The current population for these three counties is about 6,200,000 as of 2020. Adding the tourists who visit the area along with cruise industries, the total people that move through the area is many times the number of the population.

All these factors, lead to increase demand for warehouse space; from industries including: food, clothing, aviation, medicine and many others. Additionally, surrounded by the Everglades to the West and the Atlantic Ocean to the East, the land available for development is limited; making existing land and buildings very valuable.  

 

Check out the latest lease rates and sale on our Current Market Rates page.

 

Don’t miss out our Quarterly market reports where we go over the activity in the market, including sales and leases done. You can find these on our Market Reports page.

 

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