Walter Byrd, Transwestern senior managing director

MIAMI—A total of nearly 3.6 million square feet of newindustrial space was delivered to Miami-DadeCounty's inventory during 2017, more than double the completions in2016. Despite the new deliveries, overallindustrial vacancy decreased to 4.6% at the closeof the fourth quarter 2017.

That's according to Transwestern'sfourth-quarter 2017 Miami industrial marketreport. The firm predicts the number of new developments coupledwith healthy absorption of approximately 1.75 million square feetin 2017 allows Miami to remain one of the nation's tightestindustrial markets.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.