Medley
Miami - FL USA - Industrial Submarket
Industrial real estate intelligence for the Medley submarket. 41.7M SF of inventory with 9.1% vacancy. Data sourced from various MLS platforms.
41.7MSF
Inventory
4.7MSF
Available
9.1%
Vacancy
11.1%
Availability Rate
$19.47
Asking Rent
1.2%
Rent Growth
-284,566SF
12mo Absorption
364KSF
Under Construction
Market Metrics
12mo Delivered
448K SF
Under Constr % of Inv
0.9%%
Sale Price/SF
$283
Cap Rate
5.9%%
12mo Sales Volume
$232,329,036
Sales Vol Growth
2.7%
Asset Value
$11,894,757,203
Net Absorption
-284,566 SF
Recent DC Sales in Market
| Property | Price | SF | Buyer |
|---|---|---|---|
| 2300 NW 89th Pl | $8.0M | 94,449 | Banyan Street Capital |
| CoreSite MI2 Data Center | $34.0M | 137,938 | CoreSite |
| CoreSite MI1 Data Center | - | 47,474 | Stonepeak Partners LLC |
| CoreSite MI1 Data Center | - | 47,474 | American Tower Corporation |
| Doral Technology Center | $6.7M | 17,446 | Buyer 1 United Agent Group Inc. | Buyer 2 VR Enterprises of Miami, LLC |
Data Centre Development Potential
High vacancy (9.1%) in Medley may indicate availability of conversion-ready industrial buildings for data centre development. Active construction pipeline of 364K SF indicates developer confidence in the submarket. Negative absorption of 285K SF over 12 months warrants caution, though this may create discounted acquisition opportunities.
Other Submarkets in Miami - FL USA
Evaluating Medley for Development?
Our advisory team provides site-specific analysis including power availability, zoning, and financial modeling.
Data sourced from various MLS platforms. Industrial market data for informational purposes. Professional due diligence recommended.