Miami Industrial Real Estate & Warehouses

Distribution • Logistics • Small-Bay • Last-Mile

Market Overview 

Miami is one of the nation’s top industrial real estate markets, driven by its unique role as the gateway to Latin America and the Caribbean. With PortMiami and Miami International Airport (MIA) powering trade, perishables, and e-commerce, the city’s industrial assets are vital to both local businesses and global supply chains.

Vacancy rates have normalized to ~6–6.5% in mid-2025 after several years of record demand and new deliveries, but remain below national averages. Average asking rents for warehouses are $16–18 per square foot with premium pricing for small-bay and infill properties in high-demand corridors.

Key tenants include logistics companies, aviation suppliers, e-commerce distributors, and food importers/exporters. Investors target Miami industrial for its rent resilience, liquidity, and scarcity of developable land.

• PortMiami + MIA make Miami a global logistics hub.

• Vacancy ~6–6.5% after a wave of new deliveries in 2024–25, still below national averages.

• Rents remain strong due to infill scarcity (avg. ~$16–18/SF for warehouse, higher for small-bay).

• Key tenants: logistics, e-commerce, perishables, aviation, light manufacturing.

  • Miami industrial

  • Hialeah

  • Doral

  • Medley

  • Airport West

Submarket Highlights

• Hialeah: Largest cluster of small-bay + flex. Affordable, workforce nearby.

  Miami’s largest cluster of small-bay and flex warehouses. Affordable rents and a dense local workforce make Hialeah a top choice for tenants.

• Doral: Airport adjacency, Class-A logistics hubs, corporate tenants.

  Directly adjacent to Miami International Airport, Doral is home to Class-A logistics parks and multinational corporate tenants.

• Medley: Heavy industrial, large sites, distribution powerhouses.

  Known for heavy industrial uses and large distribution facilities, Medley offers space for logistics powerhouses needing scale.

• Airport West: Elite distribution, e-commerce, imports/exports.

  Miami’s elite distribution hub with top e-commerce and import/export activity, prized for immediate highway and airport access.

• Allapattah: Transitioning industrial near urban core, mixed-use potential.

  A transitioning industrial district near Downtown, blending warehouses with mixed-use redevelopment potential.

Why Invest in Miami Industrial

• Strategic port + airport connectivity.

  • PortMiami + MIA = unmatched connectivity for imports/exports.

• Limited developable land = rent resilience.

  • Land scarcity keeps rents strong, even as supply grows.

• Diverse tenant base (logistics, aviation, food).

  • Logistics, aviation, food, e-commerce, and manufacturers.

• High liquidity — institutional investors and REITs active buyers.

  • Institutions and REITs actively pursue Miami warehouses.

Listings

FAQ

• What is the average rent for Miami warehouses?

  Around $16–18/SF for bulk distribution; higher for small-bay in infill areas.

• What are Miami’s top industrial submarkets?

  Hialeah, Doral, Medley, Airport West, Allapattah.

• How low is industrial vacancy in Miami?

  As of mid-2025, vacancy stabilized ~6.3–6.5% after heavy deliveries.

• Why do investors target Miami warehouses?

  Land scarcity + logistics demand make it one of the most resilient CRE asset classes.