Why implement your industrial space in Miami?

Miami boasts a robust market for industrial space leasing, catering to the needs of a wide range of businesses. With its strategic location as a gateway to Latin America and a thriving economy, the city offers a plethora of options for industrial space. From warehouses to distribution centers and manufacturing facilities, Miami provides flexible and modern spaces equipped with state-of-the-art amenities.

The city's extensive transportation network, including ports, highways, and airports, enhances logistics capabilities and facilitates efficient supply chain management. Additionally, Miami's diverse workforce, business-friendly environment, and proximity to key markets make it an ideal location for companies seeking industrial space to support their operations and growth. Whether it's for storage, manufacturing, or distribution, Miami's industrial space market presents an opportunity for businesses to thrive in a dynamic and strategic environment.

How much does it cost to rent an industrial space in Miami?

The cost of renting an industrial space in Miami varies depending on factors such as location, size, amenities, and specific requirements of the property. The average industrial space rental prices in Miami typically range from around $8 to $30 per square foot per year.

To read: our Miami MarketBeat Industrial report analyzes quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Are industrial space rents likely to increase in Miami?

Miami has experienced significant growth and development in recent years, attracting businesses across various industries. Factors such as its strategic location as a gateway to Latin America, a robust transportation infrastructure, and a thriving economy have contributed to increased demand for industrial space in the city.

Supply and demand dynamics play a significant role in determining rental prices. If demand for industrial space continues to outpace supply, it could lead to upward pressure on rents. Factors such as population growth, business expansion, and infrastructure development can contribute to increased demand for industrial space in Miami. 

Popular neighborhoods in Miami

Miami offers several popular neighborhoods that provide excellent options for leasing industrial space. Here are a few noteworthy areas:

• Doral: Located near Miami International Airport, Doral has emerged as a prominent industrial hub. It features a range of industrial parks and commercial spaces, catering to various industries such as logistics, distribution, and manufacturing. The area benefits from its proximity to major highways and the airport, making it convenient for transportation and trade.
• Medley: Situated northwest of Miami, Medley is known for its industrial and commercial corridors. It offers a mix of industrial parks, warehouses, and distribution centers. The area's central location and easy access to major highways make it a popular choice for businesses seeking industrial space.
• Hialeah: Located northwest of downtown Miami, Hialeah is a diverse and bustling neighborhood with a significant industrial presence. It offers a range of industrial properties, including warehouses, manufacturing facilities, and flex spaces. Hialeah's accessibility and proximity to major transportation routes make it a convenient location for businesses.
• Allapattah: Situated just northwest of downtown Miami, Allapattah is experiencing a revitalization, attracting interest from businesses seeking industrial spaces. The neighborhood offers a mix of warehouses and industrial buildings, presenting opportunities for various industries.
• Opa-locka: Located north of Miami, Opa-locka hosts an industrial area known as the Opa-locka Industrial District. It features warehouses and manufacturing spaces, catering to businesses involved in logistics, manufacturing, and distribution.

Getting to and from Miami

Miami is a major transportation hub with various options for getting to and from the city:

• Air travel: Miami International Airport (MIA) is the primary airport serving the city, offering domestic and international flights. It is well-connected to major cities worldwide and serves as a gateway to Latin America. Additionally, Fort Lauderdale-Hollywood International Airport (FLL) is located nearby and provides additional flight options.
• Roadways: Miami has an extensive network of highways, making it easily accessible by car. Interstate 95 (I-95) runs along the eastern coast of the United States, connecting Miami with cities like Jacksonville, Orlando, and Atlanta. Florida's Turnpike is another major toll road that provides access to Miami from different parts of the state.
• Public Transportation: Miami-Dade Transit operates a comprehensive public transportation system that includes Metrorail, Metromover, and Metrobus. Metrorail is a commuter train that serves Miami and its surrounding areas, while Metromover is a free automated people mover system that operates in downtown Miami. Metrobus offers bus services throughout the city and neighboring areas.
• Rail: Amtrak provides train services to Miami with routes connecting to cities across the United States. The Miami Amtrak station is located downtown and serves as a transportation hub for rail travelers.
• Cruise Port: PortMiami is one of the busiest cruise ports in the world, serving numerous cruise lines. It offers a convenient option for travelers arriving by sea, with easy access to downtown Miami and its surrounding areas.