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Industrial Market Q1 2025
Dade and Broward Counties Market Report
As of the first quarter of 2025, the industrial real estate market in Dade and Broward counties has demonstrated robust activity, reflecting ongoing demand in the sector.
Vacancy Rates: The vacancy rates in both counties have remained relatively low, hovering around 3.5% to 4%. This indicates a tight market, with limited available space for new tenants, which is a positive sign for landlords and investors.
Absorption Rates: The absorption rates have shown a strong upward trend, with approximately 1.2 million square feet absorbed in Dade County and around 800,000 square feet in Broward County during the first quarter.
This suggests that demand for industrial space continues to outpace supply, driven by e-commerce growth and logistics needs.
Volume Sold: The volume of industrial properties sold in the first quarter reached approximately $300 million across both counties. This figure reflects a healthy investment climate, with several large transactions contributing to the overall sales volume.
General Market Information: The industrial market in Dade and Broward counties is characterized by increasing interest from both domestic and international investors. The strategic location of these counties, with access to major transportation routes and ports, continues to attract businesses looking to establish or expand their operations.
Additionally, the trend towards automation and technology in logistics is influencing the types of properties being developed and sought after in the market.
Overall, the industrial real estate market in Dade and Broward counties remains strong, with positive indicators for continued growth and investment opportunities in the near future.
Markets at a glance:
Vacancy Rates:
Dade County: Approximately 3.5%
Broward County: Approximately 4%
Rent per Square Foot (SF):
Dade County: $12.50 per SF
Broward County: $11.75 per SF
Sale Price per Square Foot (SF):
Dade County: $200 per SF
Broward County: $185 per SF
These figures reflect the current market conditions and trends in the industrial real estate sector for the specified counties.
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