Miami Industrial Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from CBRE, Cushman & Wakefield, Newmark, Avison Young, Savills, JLL
Quarterly industrial market indicators for Miami, aggregated by CREhunt from CBRE, Cushman & Wakefield, Newmark, Avison Young, Savills, JLL. As of Q2 2026, average asking rent was $17.22/SF/yr and vacancy was 7.1%, per CBRE.
Projected current industrial pricing — Miami
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Miami industrial yet, so this applies the typical cap rate across comparable industrial markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q2 2026 multiple brokerages asking-rent data (benchmark cap rate 5.5%–7.5%, asking rent held flat). Assumes ~94% occupancy and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 CBRE | $17.22/SF/yr | 7.1% | 2K SF | — | CBRE |
| Q2 2026 Cushman & Wakefield | $15.73/SF/yr | 6.3% | 262K SF | 3 SF | Cushman & Wakefield |
| Q2 2026 Newmark | — | 6.4% | 430K SF | 2.8M SF | Newmark |
| Q1 2026 Avison Young | $17.26/SF/yr | 7.2% | — | — | Avison Young |
| Q1 2026 Cushman & Wakefield | $15.75/SF/yr | 6.5% | -11K SF | — | Cushman & Wakefield |
| Q1 2026 Savills | $16.42/SF/yr | 8.0% | — | — | Savills |
| Q1 2026 CBRE | $16.84/SF/yr | 6.8% | 540K SF | — | CBRE |
| Q1 2026 JLL | $16.75/SF/yr | 6.3% | 684K SF | — | JLL |
| Q4 2025 Savills | $16.40/SF/yr | 6.9% | — | — | Savills |
| Q4 2025 Cushman & Wakefield | $16.73/SF/yr | 6.5% | 1.9M SF | 80 SF | Cushman & Wakefield |
| Q4 2025 Newmark | — | — | — | 2.0M SF | Newmark |
| Q3 2025 Cushman & Wakefield | $16.60/SF/yr | 6.2% | — | — | Cushman & Wakefield |
| Q3 2025 Savills | — | 7.3% | — | — | Savills |
| Q3 2025 Newmark | $16.36/SF/yr | 5.5% | 627K SF | — | Newmark |
| Q2 2025 Cushman & Wakefield | $16.60/SF/yr | 6.4% | 451K SF | — | Cushman & Wakefield |
| Q2 2025 Savills | — | 6.5% | — | — | Savills |
| Q2 2025 Avison Young | $17.38/SF/yr | 6.0% | 324K SF | — | Avison Young |
| Q2 2025 Newmark | $15.82/SF/yr | 5.6% | 315K SF | — | Newmark |
| Q1 2025 Newmark | $15.32/SF/yr | 5.1% | 95K SF | — | Newmark |
| Q4 2024 Newmark | $15.40/SF/yr | 4.9% | -245K SF | 3.0M SF | Newmark |
| Q3 2024 Newmark | $15.41/SF/yr | 4.5% | -94K SF | — | Newmark |
| Q2 2024 Newmark | $15.46/SF/yr | 4.0% | 342K SF | 4.0M SF | Newmark |
| Q1 2024 Newmark | $15.22/SF/yr | 2.9% | 510K SF | 5.0M SF | Newmark |
| Q4 2023 Newmark | $15.62/SF/yr | 2.9% | 882K SF | 6.0M SF | Newmark |
Industrial asking rents by submarket
The newest asking rent a named brokerage's report published for each Miami industrial submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| Airport East/Downtown | $17.55/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Airport North/Medley | $18.39/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Airport West | $14.95/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Airport/Doral | $18.52/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Central Dade | $15.07/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Hialeah | $17.14/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Kendall/Tamiami | $19.52/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Medley | $17.14/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Miami Lakes | $16.63/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| North Central Dade | $23.39/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Northeast Dade | $29.78/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Northwest Dade | $15.75/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| South Dade | $19.00/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
How the brokerage sources compare
For Q2 2026, the brokerages CREhunt aggregates for Miami industrial did not fully agree. On vacancy, the sources span 0.8 points — from 6.3% (Cushman & Wakefield) to 7.1% (CBRE). Asking-rent estimates differ by $1.49/SF/yr — from $15.73/SF/yr to $17.22/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| CBRE | 7.1% | $17.22/SF/yr | — |
| Cushman & Wakefield | 6.3% | $15.73/SF/yr | — |
| Newmark | 6.4% | — | — |
Per-brokerage figures for Q2 2026, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for industrial space in Miami?
- As of Q2 2026, the average asking rent for industrial space in Miami was $17.22/SF/yr, per CBRE.
- What is the industrial vacancy rate in Miami?
- The industrial vacancy rate in Miami was 7.1% as of Q2 2026 (CBRE).
- Where does CREhunt's Miami market data come from?
- This report aggregates quarterly industrial market data for Miami from CBRE, Cushman & Wakefield, Newmark, Avison Young, Savills, JLL.
- How much do brokerage estimates differ for industrial space in Miami?
- For Q2 2026, the brokerage sources CREhunt aggregates for Miami did not fully agree. On vacancy, the sources span 0.8 points — from 6.3% (Cushman & Wakefield) to 7.1% (CBRE). Asking-rent estimates differ by $1.49/SF/yr — from $15.73/SF/yr to $17.22/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.