| | Colliers International Miami Dade Industrial Market Reports | Fourth Quarter 2020 |
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| Remarkably Strong Year In the Face of the Pandemic for
Miami-Dade County Industrial Market |
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| | The Miami-Dade County industrial market ended a remarkably strong year
on a high note. After a turbulent year across most sectors, Miami-Dade
embraced the acceleration of e-commerce which is reflected by record net
absorption at close to 2.2 million square feet in the fourth quarter of 2020.
This elevated activity strengthened the industrial market, compressing
vacancy rates back down to pre-pandemic levels despite more than 600,000
square feet of new supply delivered to the market this quarter. At the end of
the fourth quarter, vacancy rates have reverted back to 4.7 percent, down
70-basis points quarter-over-quarter. |
Download your complimentary copy and learn more about:
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Regional Market Transactions & Highlights
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Miami-Dade, Broward, and Palm Beach counties
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Vacancy & Absorption Rates
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Notable Leasing Activity
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User & Investment Sales
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Submarket & County Breakdowns
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| Copyright 2021 Colliers International.
Information herein has been obtained from sources deemed reliable, however its accuracy cannot be guaranteed. The user is required to conduct their own due diligence and verification. |
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