MIAMI—Industrial commercial real estate had a banner year in 2013, but will the tide turn in 2014 with the flood of space coming online? Or will tenant occupiers fill it up as fast as it hits the market?

We asked Steve Medwin, managing director of Jones Lang LaSalle, for his take on Miami's industrial market this year. Following an active 2013 for South Florida's industrial market, he told us he expects leasing activity to remain strong in 2014.

“Submarkets like Medley and Airport West should continue to outperform other industrial areas in the region, as market conditions remain favorable and vacancy rates low,” says Medwin. The Medley East & Hialeah Gardens Industrial Parks, a portfolio comprising two industrial parks spanning 844,889 square feet across 15 manufacturing, warehouse and distribution buildings, was one of the largest industrial deals of 2013, selling for $48.75 million.