Figures
Miami Industrial Figures - Q1 2025
April 9, 2025 5 Minute Read
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- Demand remained strong in early 2025, with over 750,000 sq. ft. of net absorption driven by E-commerce, Food & Beverage, and Freight Forwarding users. Despite a national slowdown, Miami’s 15-year growth streak continued in 2024 and is on pace to extend through 2025.
- Industrial construction has dropped to 5.1 million sq. ft. from last year’s peak of 7.5 million, signaling a shift toward a more balanced market. With vacancies peaking at 5.7%, Miami appears to be nearing the trough of its current supply-driven mini-cycle.
- Looking ahead, rent growth is expected to moderate as the construction pipeline winds down and vacant space is steadily absorbed. In response, some landlords are beginning to lower asking rates to maintain leasing momentum. However, ongoing economic uncertainty and tariff negotiations may introduce short-term volatility.