MIAMI-From Miami through Ft. Lauderdale and into West Palm Beach, South Florida industrial occupancy rates are rising. Vacancy rates in the tri-county area’s industrial markets declined in 2010.
So say year-end statistics from Cushman & Wakefield. “Vacancy rates for all three submarkets continue to decline and remain well below the U.S. industrial average vacancy rate of 10.3%,” says Shane Soefker, senior managing director and branch manager for Cushman & Wakefield’s South Florida offices.
Miami-Dade County’s industrial vacancy rate declined to 7.9% at year-end 2010, down from 8.3 percent at the end of the previous quarter. That makes Miami-Dade among the top 5 U.S. industrial markets with the country’s lowest vacancy rates.
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