Avison Young 2Q 2021 South Florida industrial market reports


Fort Lauderdale Industrial Market Report (Q2 2021)
E-commerce continues to have a significant impact on the Fort Lauderdale market, which is creating market demand for higher quality class A distribution space. Developers continue to scout for sites to stay ahead of demand and average asking rents continue to report incremental gains.


Miami Industrial Market Report (Q2 2021)
Miami’s overall vacancy rate shows continued resilience with vacancy at 4.4%, a 60-basis point decrease from the previous quarter. Logistics, e-commerce, and 3PL firms are among the fastest expanding industries fueling space requirements in Miami.


West Palm Beach Industrial Market Report (Q2 2021)
E-commerce continues to have an impact on the West Palm Beach market and the dwindling availability of quality class A distribution space is creating heightened occupier demand. Absorption through mid-year has been solid and is indicative of healthy overall fundamentals. 


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