Miami Airport East
Miami - FL USA - Industrial Submarket
Industrial real estate intelligence for the Miami Airport East submarket. 24.5M SF of inventory with 8.1% vacancy. Data sourced from various MLS platforms.
24.5MSF
Inventory
2.6MSF
Available
8.1%
Vacancy
10.4%
Availability Rate
$21.81
Asking Rent
0.7%
Rent Growth
-277,139SF
12mo Absorption
279KSF
Under Construction
Market Metrics
12mo Delivered
0 SF
Under Constr % of Inv
1.1%%
Sale Price/SF
$266
Cap Rate
5.9%%
12mo Sales Volume
$183,050,481
Sales Vol Growth
68.8%
Asset Value
$6,600,644,300
Net Absorption
-277,139 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 (8.1%) in Miami Airport East may indicate availability of conversion-ready industrial buildings for data centre development. Active construction pipeline of 279K SF indicates developer confidence in the submarket. Negative absorption of 277K SF over 12 months warrants caution, though this may create discounted acquisition opportunities.
Other Submarkets in Miami - FL USA
Evaluating Miami Airport East 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.