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Industrial Deliveries Accelerate in Miami to Meet Intensified Demand

There’s a large amount of speculative construction underway that is expected to be absorbed quickly.

By Melea VanOstrand | August 24, 2022 at 06:14 AM

Miami-Dade County is expected to continue to see a large amount of net in-migration in its metro areas as tax laws and the warm climate draws people in.

That’s according to the Midyear 2022 Miami Industrial Market report by Marcus & Millichap which says that the rise in construction will have a minimum impact on vacancy. A larger population raises the demand for essential goods which will require retailers to maintain or expand both their distribution and warehouse footprints.

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