4. REAL ESTATE OVERVIEW // INDUSTRIAL
// MIAMI HISTORICAL CONSTRUCTION, DELIVERIES VS. ABSORPTION
While vacancy levels
are at pre-recessionary
levels, deliveries are relatively at
equipoise to absorption, creating
a bullish atmosphere for future
development. Over 1.0 million square
feet absorbed in 2014 with about 7.0
million square feet of proposed
pipeline projects.
// MIAMI HISTORICAL RENTS
Rental rates
reached the highest
peak since the recession
with the Airport West
submarket having the
highest rates in the
Miami market.
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