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.
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