Miami Industrial Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from Cushman & Wakefield, Savills Com Sg, En Savills Nl, Savills Com Mo, Savills Us, Avisonyoung Us, CBRE, Lee Associates, Jp Savills Co Jp, Newmark
Quarterly industrial market indicators for Miami, aggregated by PropZone from Cushman & Wakefield, Savills Com Sg, En Savills Nl, Savills Com Mo, Savills Us, Avisonyoung Us, CBRE, Lee Associates, Jp Savills Co Jp, Newmark. As of Q1 2026, average asking rent was $16.60/SF with a 4.0% vacancy rate.
Projected current industrial pricing — Miami
high confidenceModeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 6.4%, asking rent trend-adjusted to today). Assumes ~92% occupancy and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | $16.60/SF | 4.0% | — | 0K SF | Cushman & Wakefield |
| Q1 2026 | $16.42/SF | 8.0% | — | — | Savills Com Sg |
| Q1 2026 | $16.42/SF | 8.0% | — | — | En Savills Nl |
| Q1 2026 | $16.42/SF | 8.0% | — | — | Savills Com Mo |
| Q1 2026 | $16.42/SF | 8.0% | — | — | Savills Us |
| Q1 2026 | $17.26/SF | 7.2% | 2K SF | — | Avisonyoung Us |
| Q1 2026 | $16.84/SF | 6.8% | 540K SF | — | CBRE |
| Q1 2026 | $17.51/SF | 6.3% | — | — | Lee Associates |
| Q4 2025 | $16.40/SF | 6.9% | — | — | Savills Us |
| Q4 2025 | $16.40/SF | 6.9% | — | — | Jp Savills Co Jp |
| Q4 2025 | $17.09/SF | 3.4% | — | — | Lee Associates |
| Q4 2025 | $18.00/SF | 4.2% | 2K SF | 2.0M SF | Newmark |
| Q4 2025 | — | — | 0K SF | 0K SF | Cushman & Wakefield |
| Q3 2025 | — | — | 0K SF | — | Cushman & Wakefield |
| Q3 2025 | $16.36/SF | — | 627K SF | — | Newmark |
| Q2 2025 | $15.82/SF | — | 315K SF | — | Newmark |
| Q2 2025 | — | — | 0K SF | — | Cushman & Wakefield |
| Q1 2025 | $15.32/SF | — | 95K SF | — | Newmark |
| Q1 2025 | $38.73/SF | 8.7% | 29K SF | — | Lee Associates |
| Q4 2024 | $15.40/SF | — | -245K SF | 3.0M SF | Newmark |
| Q3 2024 | $15.41/SF | — | -94K SF | — | Newmark |
| Q2 2024 | $15.46/SF | — | 342K SF | 4.0M SF | Newmark |
| Q1 2024 | $15.22/SF | — | 510K SF | 5.0M SF | Newmark |
| Q4 2023 | $15.62/SF | — | 882K SF | 6.0M SF | Newmark |
Frequently asked questions
- What is the average asking rent for industrial space in Miami?
- As of Q1 2026, the average asking rent for industrial space in Miami was $16.60/SF, per Cushman & Wakefield.
- What is the industrial vacancy rate in Miami?
- The industrial vacancy rate in Miami was 4.0% as of Q1 2026 (Cushman & Wakefield).
- Where does PropZone's Miami market data come from?
- This report aggregates quarterly industrial market data for Miami from Cushman & Wakefield, Savills Com Sg, En Savills Nl, Savills Com Mo, Savills Us, Avisonyoung Us, CBRE, Lee Associates, Jp Savills Co Jp, Newmark.