Airport West Market market conditions are strengthening by latest activities. The demand for industrial space continues to outpace other sectors. As vacancy rates drop, lease rates have begun to increase. Constructing new supply is an option but location and space are scarce.Doral/Airport West is outperforming other areas, and while the overall market has picked up momentum, the number of 50,000-square-foot to 80,000-square-foot users has been particularly strong over the last three months.
Miami-Dade County’s industrial market has weathered the economic downturn and is positioned to continue to tighten as leasing activity increases and vacancy rates decrease.
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