Miami Industrial Market Q1 2025 Report

Miami's industrial market continues to demonstrate resilience and growth entering 2025, with key metrics pointing to sustained demand across logistics, warehousing, and light manufacturing.

Vacancy sits at 5.7%, well below the national average. Average NNN rents have climbed to $16.04/SF, reflecting the premium that tenants are willing to pay for proximity to Miami's port, airport, and population center.

Net absorption reached 751,000 square feet in Q1 alone — a strong start that suggests full-year absorption could exceed 2.5 million SF.

The drivers are structural: nearshoring trends bringing manufacturing and distribution closer to U.S. consumers, Miami's role as the gateway to Latin America, and the continued growth of e-commerce fulfillment requirements.

For investors, the industrial sector in South Florida offers a compelling combination of yield, appreciation potential, and tenant demand stability. Bender-Carey Capital finances industrial acquisitions, development, and bridge transactions across the Miami metro.