Miami Airport West

Miami - FL USA - Industrial Submarket

Industrial real estate intelligence for the Miami Airport West submarket. 50.4M SF of inventory with 8.9% vacancy. Data sourced from various MLS platforms.

50.4MSF

Inventory

7.1MSF

Available

8.9%

Vacancy

13.7%

Availability Rate

$23.41

Asking Rent

1.0%

Rent Growth

-199,035SF

12mo Absorption

1.6MSF

Under Construction

Market Metrics

12mo Delivered

1.6M SF

Under Constr % of Inv

3.1%%

Sale Price/SF

$312

Cap Rate

5.8%%

12mo Sales Volume

$335,020,713

Sales Vol Growth

-35.3%

Asset Value

$16,185,049,580

Net Absorption

-199,035 SF

Recent DC Sales in Market

PropertyPriceSFBuyer
2300 NW 89th Pl$8.0M94,449Banyan Street Capital
CoreSite MI2 Data Center$34.0M137,938CoreSite
CoreSite MI1 Data Center-47,474Stonepeak Partners LLC
CoreSite MI1 Data Center-47,474American Tower Corporation
Doral Technology Center$6.7M17,446Buyer 1 United Agent Group Inc. | Buyer 2 VR Enterprises of Miami, LLC

Data Centre Development Potential

High vacancy (8.9%) in Miami Airport West may indicate availability of conversion-ready industrial buildings for data centre development. Active construction pipeline of 1.6M SF indicates developer confidence in the submarket. Negative absorption of 199K SF over 12 months warrants caution, though this may create discounted acquisition opportunities.

Other Submarkets in Miami - FL USA

Medley

41.7M SF9.1% vac$19.47

North Miami Beach

45.0M SF12.2% vac$18.63

Hialeah

31.5M SF5% vac$16.05

Miami Airport East

24.5M SF8.1% vac$21.81

South Central Miami

14.4M SF4% vac$30.25

Miami Airport North

14.5M SF6.7% vac$21.41
Luke Tatman

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Data sourced from various MLS platforms. Industrial market data for informational purposes. Professional due diligence recommended.