Franklin Street’s Q3-21 report on Florida industrial logistics commercial real estate explores key data and metrics in industrial markets throughout the state.
From rent growth to supply and demand factors, the report dives deep into the numbers driving Florida’s logistics CRE market.
- Of all Florida markets surveyed, Fort Lauderdale posted the highest logistics related rent per square foot and experienced the highest quarter over quarter increase in rent. Ocala posted the lowest logistics rent per square foot.
- Miami holds the greatest amount of inventory for logistics industrial real estate in the state of Florida.
- Lakeland experienced the highest vacancy rates due to significant new deliveries to the market.
- South Florida, consisting of Miami, Palm Beach, and Fort Lauderdale, represented the highest market sale price per square foot for logistics industrial real estate in Florida.