SFL Pulse360 | Page 45
6. MARKET STATISTICS
//Miami
MIAMI-DADE
INDUSTRIAL SUBMARKETS
- Dade Submarkets
YTD
completions
(sf)
Miami - Dade County Industrial Statistics - Q4 2014 • 2
YTD
Direct net
direct net
Inventory (sf) absorption (sf) absorption (sf)
Total net
absorption
(sf)
YTD total net
absorption
(sf)
YTD total net
absorption
(% of stock)
Direct
vacancy (sf)
Under
construction /
renovation
Direct Total vacancy Total vacancy Average asking
(sf)
vacancy (%)
(sf)
(%) rent ($ psf) NNN
Airport East / Downtown
Warehouse & Distribution
0
1,694,449
0
-26,214
0
-26,214
-1.5%
178,600
10.5%
178,600
10.5%
$4.70
Manufacturing
0
541,283
0
0
0
0
0.0%
0
0.0%
0
0.0%
$4.31
0
0
Totals
0
2,235,732
0
-26,214
0
-26,214
-1.1%
178,600
8.0%
178,600
8.0%
$4.51
0
Warehouse & Distribution
0
9,091,915
-6,421
-14,649
-6,421
-14,649
-0.2%
288,382
3.2%
288,382
3.2%
$5.17
0
Manufacturing
0
728,423
4,000
15,694
4,000
15,694
2.2%
4,000
0.5%
4,000
0.5%
$5.60
0
Totals
0
9,820,338
-2,421
1,045
-2,421
1,045
0.0%
292,382
3.0%
292,382
3.0%
$5.20
0
549,971
32,869,826
311,327
-97,284
311,327
-48,079
-0.1%
3,475,679
10.6%
3,478,140
10.6%
$7.50
218,000
0
1,782,780
11,500
8,865
11,500
8,865
0.5%
88,206
4.9%
88,519
5.0%
$7.20
0
549,971
34,652,606
322,827
-88,419
322,827
-39,214
-0.1%
3,563,885
10.3%
3,566,659
10.3%
$7.48
218,000
0
Airport North
Airport West
Warehouse & Distribution
Manufacturing
Totals
East Dade
Warehouse & Distribution
0
9,157,508
-20,067
68,755
-20,067
98,755
1.1%
820,219
9.0%
820,219
9.0%
$2.90
Manufacturing
0
3,564,479
0
-312,796
0
-312,796
-8.8%
355,296
10.0%
355,296
10.0%
$3.75
0
Totals
0
12,721,987
-20,067
-244,041
-20,067
-214,041
-1.7%
1,175,515
9.2%
1,175,515
9.2%
$3.14
0
4.3%
$4.25
0
0.0%
$3.25
0
3.3%
$4.02
0
Hialeah
Warehouse & Distribution
0
3,593,398
14,235
99,340
14,235
99,340
2.8%
155,094
4.3%
155,094
Manufacturing
0
1,098,335
0
22,000
0
22,000
2.0%
0
0.0%
0
0
4,691,733
14,235
121,340
14,235
121,340
2.6%
155,094
3.3%
155,094
925,661
18,818,838
214,696
1,164,484
6.2%
913,474
Miami
- Dade Submarkets
Totals
Medley
Warehouse & Distribution
Manufacturing
Totals
YTD
completions0
(sf)
925,661
YTD
2,476,821
66,156
Direct net0
direct
net
Inventory
(sf) absorption
(sf) absorption
(sf)
21,295,659
214,696
1,230,640
239,896
1,108,136
Total net
absorption0
(sf)
239,896
YTD total net
66,156
absorption
(sf)
1,174,292
YTD total net
2.7%
absorption
(% of stock)
5.8%
54,162
Direct
vacancy
(sf)
967,636
Miami - Dade County Industrial Statistics - Q4 2014 • 3
Under
670,000
construction /
2.2% Total vacancy
54,162 Total vacancy
2.2% Average asking
$6.01 renovation0
Direct
vacancy
(%)
(sf)
(%) rent ($ psf)$6.27
NNN
(sf)
4.5%
1,118,022
5.2%
670,000
4.9%
1,063,860
5.7%
$6.30
*All classes, 30,000 s.f. and higher
Miami Lakes
Warehouse & Distribution
0
3,364,833
107,575
125,073
107,575
125,073
3.7%
161,277
4.8%
161,277
4.8%
$6.40
Manufacturing
0
681,749
0
0
0
0
0.0%
33,741
4.9%
33,741
4.9%
$5.50
0
Totals
0
4,046,582
107,575
125,073
10 ܰ