Miami Industrial Figures Q4 2021

25 Jan 2022

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  • Tenant demand remains robust. Absorption climbed to an al time-time high with 6.8 million sq. ft in 2021.
  • Competition among tenants intensified as vacancy declined to 3.0%, while Class A vacancy fell below 5.0%.
  • E-commerce activity continues to drive the market and tenants have been aggressive in pursuit of space to fulfill their needs. There are fewer smaller vacancies available as most space options are designed for larger requirements.