MIAMI-South Florida’s industrial vacancy rates are among thelowest in the nation. So says Cushman & Wakefield’s thirdquarter statistics for Miami-Dade, Broward and Palm Beachcounties.
Specifically, Miami boasts an 8.3 percent vacancy rate. Browardhas a 9.1 percent vacancy, and Palm Beach has a 9.9 percent vacancyrate. Of the top 34 U.S. industrial markets tracked by Cushman& Wakefield, these counties are among the top 12 markets withthe lowest overall vacancies in U.S.
Additionally, South Florida ranks well below the 10.6 percentoverall vacancy rate for the U.S. industrial markets. Although theregion’s industrial leasing market has either remained stagnant ordecreased from this time last year, all three counties—which werecharting negative absorption at this point last year—have postedpositive absorption year-to-date.
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