North Miami Beach

Miami - FL USA - Industrial Submarket

Industrial real estate intelligence for the North Miami Beach submarket. 45.0M SF of inventory with 12.2% vacancy. Data sourced from various MLS platforms.

45.0MSF

Inventory

5.8MSF

Available

12.2%

Vacancy

12.5%

Availability Rate

$18.63

Asking Rent

1.3%

Rent Growth

-1,004,098SF

12mo Absorption

1.1MSF

Under Construction

Market Metrics

12mo Delivered

556K SF

Under Constr % of Inv

2.4%%

Sale Price/SF

$243

Cap Rate

5.9%%

12mo Sales Volume

$180,576,265

Sales Vol Growth

-63.9%

Asset Value

$11,195,730,553

Net Absorption

-1,004,098 SF

Recent DC Sales in Market

Property	Price	SF	Buyer
SFO1	$119.3M	26,900	Buyer 1 Altum Digital Infrastructure \| Buyer 2 Igneo Infrastructure Partners
4495 Low Latency Ln	-	200,000	-
4495 Low Latency Ln	-	200,000	-
8425 N 114th St	$2.6M	232,663	Google
Santa Clara Data Center/SFO2-B	$55.0M	128,780	CSquare

Available DC Space in Market

Property	Avail SF	Rent	Owner
Four Overlook Point	863,403	$21.87 - 26.73 (Est.)	Woodcrest Capital LLC
Building D	20,678	$10.86 - 13.27 (Est.)	Entrada Partners
The Falchi Building	272,217	$23.00	Savanna Real Estate Fund
McHenry Corporate Center IV	42,811	$6.00 - 12.50	Gold Drop
2149 Queens Chapel Rd NE	15,086	$11.00	Ali Hassani

Data Centre Development Potential

High vacancy (12.2%) in North Miami Beach may indicate availability of conversion-ready industrial buildings for data centre development. Active construction pipeline of 1.1M SF indicates developer confidence in the submarket. Negative absorption of 1.0M SF over 12 months warrants caution, though this may create discounted acquisition opportunities.