First Park Miami, a spec development which recently broke ground on Phase I, includes three new buildings totaling 592,300 sq. ft.
Small bay remains active with transactions between 10,000 sq. ft. and 50,000 sq. ft. accounting for nearly 45% of Q4 2020 activity.
Year-to-date average asking rates for Class A warehouse/distribution space in Miami-Dade County was $10.87 per sq. ft. with an average of $2.40 per sq. ft. in operating expenses.