Figures
Miami Industrial Figures - Q4 2025
January 13, 2026 5 Minute Read
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- Leasing activity increased at the upper end of the market, with 31 transactions over 100,000 SF completed in 2025, compared with 16 such deals in 2024, reflecting continued engagement from larger occupiers.
- Vacancy trended higher over the year, influenced by elevated deliveries, with availability remaining uneven across submarkets and more concentrated within larger-format product.
- Asking rents remained elevated, with recent movements increasingly shaped by higher operating expenses, while underlying base rent growth has shown signs of leveling.
- Development activity began to moderate, following several years of elevated construction, providing clearer visibility on how recently delivered space is being absorbed.