Miami-Dade County Industrial Market Overview 4Q25

Newmark's fourth-quarter 2025 market overview of Miami-Dade County industrial real estate reports that the market realized 334,170 square feet of positive absorption with overall rental rates rising 3.3 percent year-over-year to $16.28 per square foot, while the vacancy rate increased 40 basis points to 5.2 percent due to 3.9 million square feet of annual construction deliveries outpacing demand. The document identifies major transactions including PepsiCo's 794,230-square-foot lease at Bridge Point Commerce Center and notes that the regional unemployment rate ticked up to 2.6 percent year-over-year while employment growth decelerated to 0.5 percent, below the national average of 0.8 percent.