How Miami Industrial Stacks Up Against Other Metros

MIAMI—"There's upside in industrial if owners can figure out a way to bring in all costs at $120 per square foot."

By Jennifer LeClaire | Updated on January 27, 2016

MIAMI—The nation’s industrial commercial real estate vacancy rate has hit a 15-year low. According to Cushman & Wakefield‘s latest report, strong abortion in the fourth quarter of 2015 put occupancy gains among the strongest on record.

Specifically, US industrial markets absorbed 62.9 million square feet of space in the fourth quarter of 2015. That’s up 9.1% from the previous quarter and up 0.5% from the fourth quarter of a year ago.

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