Miami Industrial Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Cushman & Wakefield, , , , , , CBRE, , , Newmark
Quarterly industrial market indicators for Miami, aggregated by CREhunt from Cushman & Wakefield, , , , , , CBRE, , , Newmark. As of Q2 2026, average asking rent was — with a 6.3% vacancy rate.
Projected current industrial pricing — Miami
Projected asking rent
$16.51–$16.54/SF/yr
Estimated sale value
$171–$209/SF
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 6.4%, asking rent trend-adjusted to today). Assumes ~92% occupancy and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 | — | 6.3% | 0K SF | 0K SF | Cushman & Wakefield |
| Q1 2026 | $16.42/SF | 8.0% | — | — | |
| Q1 2026 | $16.42/SF | 8.0% | — | — | |
| Q1 2026 | $16.42/SF | 8.0% | — | — | |
| Q1 2026 | $16.42/SF | 8.0% | — | — | |
| Q1 2026 | $17.51/SF | 6.3% | — | — | |
| Q1 2026 | $16.84/SF | 6.8% | 540K SF | — | CBRE |
| Q1 2026 | $16.60/SF | 4.0% | — | 0K SF | Cushman & Wakefield |
| Q1 2026 | $17.26/SF | 7.2% | 2K SF | — | |
| Q4 2025 | $16.40/SF | 6.9% | — | — | |
| Q4 2025 | $17.09/SF | 3.4% | — | — | |
| Q4 2025 | $18.00/SF | 4.2% | 2K SF | 2.0M SF | Newmark |
| Q4 2025 | — | — | 0K SF | 0K SF | Cushman & Wakefield |
| Q4 2025 | $16.40/SF | 6.9% | — | — | |
| Q3 2025 | $16.36/SF | — | 627K SF | — | Newmark |
| Q3 2025 | — | — | 0K SF | — | Cushman & Wakefield |
| Q2 2025 | $15.82/SF | — | 315K SF | — | Newmark |
| Q2 2025 | — | — | 0K SF | — | Cushman & Wakefield |
| Q1 2025 | $38.73/SF | 8.7% | 29K SF | — | |
| Q1 2025 | $15.32/SF | — | 95K SF | — | Newmark |
| Q4 2024 | $15.40/SF | — | -245K SF | 3.0M SF | Newmark |
| Q3 2024 | $15.41/SF | — | -94K SF | — | Newmark |
| Q2 2024 | $15.46/SF | — | 342K SF | 4.0M SF | Newmark |
| Q1 2024 | $15.22/SF | — | 510K SF | 5.0M SF | Newmark |
Frequently asked questions
- What is the average asking rent for industrial space in Miami?
- CREhunt aggregates industrial asking-rent data for Miami from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the industrial vacancy rate in Miami?
- The industrial vacancy rate in Miami was 6.3% as of Q2 2026 (Cushman & Wakefield).
- Where does CREhunt's Miami market data come from?
- This report aggregates quarterly industrial market data for Miami from Cushman & Wakefield, CBRE, Newmark.
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