Industrial Properties in Allapattah

Allapattah is an urban neighborhood located in the heart of the City of Miami. It is bordered by the 112 expressway to the north, I-95 to the east, the Dolphin Expressway and Miami River to the south, and NW 27th Avenue to the east. The district features various commercial and industrial sections. The area provides a central location to users looking to serve the entire County. Nicknamed the “Fruit Bowl”, there are many food users in this area that serve Miami’s vibrant restaurant scene and cruise ship industry as the Port of Miami is only a short drive away. Public transportation to and from the area is easy. Located in the southeastern area of Allapattah you will find the Health District of Miami, which includes Jackson Memorial and University of Miami.

There’s been significant movement in the commercial real estate market in recent years with a lot of notable investors buying in the area, including Robert Wennett, Moishe Mana, Jorge Pérez, the Rubell family. In 2016, the Rubells’ private foundation invested in a new 2.5 acre, 100,000 square feet building designed by Selldorf Architects. Moishe Mana is continuing his expansion in Allapattah with a purchase of a $5 million, 1.46-acre property at 2301 Northwest 7th Ave to add to his existing holdings. He now controls over 6.64 contiguous acres. Robert Wennett’s proposed a planned redevelopment of the Miami Produce Center, which is intended to include an eight-building mixed-use complex with residential, office, retail, hotel, and school components. Miami’s condo king Jorge Pérez purchased a new property at 2270 Northwest 23rd Street, which is planned to house his extensive art collection. The significant jump of prices in Wynwood is one of the main reasons why there’s a lot of interest being built up in Allapattah. It is a changing are as increasing prices and re-development project push out traditional industrial users.

Market Overview

Miami Industrial Real Estate Statistics

Total Square Feet Inventory

250,000,000 SF

Average Sale Price

$157 psf

Under Construction

4,000,000 SF

Market Rent

$12.61 psf

Vacancy Rate

6.1%

Submarket Pros

The Allapattah submarket is five miles east of the Miami International Airport and 4 miles northwest of Downtown Miami. Businesses interested in finding a property in the heart of Miami will find fantastic real estate options in this neighborhood. There's a significant shift in how properties are going to be used in the area, transitioning a lot of industrial properties for other purposes. The change will significantly increase property prices providing lots of opportunities to build equity for buyers looking at the area.

Submarket Cons

Located close to Downtown Miami you can expect that properties in Allapattah have a higher price point compared to other submarkets in the region. There's a significant increase in the sales price and rental rates in the area due in part to recent purchases.

Is it for me?

Who is this Submarket for

Known as the “fruit bowl” of Miami, the neighborhood is known for the many cold storage warehouses that service local restaurants and the cruise line industry. The high demand and increased development plans in the region from many notable investors is due to the location and potential of the Allapattah neighborhood. The suburb features a well-established industrial submarket adding to demand and possible profits in developing the area. Easy access to the MIA and Downtown Miami also adds to the many reasons for buying real estate in the region. If you’re interested in getting updates in Allapattah, including available listings for sale, please feel free to get in touch with our team today.

Find Your Warehouse

Latest Warehouses For Sale in Allapattah

9
Pending

$12,000,000

Miami, FL, 33125
MLS#A10916707
10
Active

$8,000,000

2479 36th St NW

Miami, FL, 33142
MLS#A10940411
60
Active

$7,250,000

2200 23rd St NW

Miami, FL, 33142
MLS#A11040688
11
Active

$3,500,000

1628 28th St NW

Miami, FL, 33142
MLS#A10791566
4
Pending

$3,500,000

2277 36th St NW

Miami, FL, 33142
MLS#A10961633
8
Active

$3,100,000

1864 nw 23 St

Miami, FL, 33142
MLS#A10752301

Latest Warehouses For Lease in Allapattah

23
Pending

$7,000/mo

772 22nd St NW

Miami, FL, 33127
MLS#A11041111
7
Active

$2,500/mo

1757 21st St NW

Miami, FL, 33142
MLS#A11041112
3
Active

$24/mo

3100 7th Ave NW

Miami, FL, 33127
MLS#A10781664
60
Active

$19/mo

2200 23rd St NW

Miami, FL, 33142
MLS#A11022231
12
Pending

$16/mo

2350 23rd St NW

Miami, FL, 33142
MLS#A10905297
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Take the next step

Ready to take the next step?

Whether it’s investing in a new existing property, selling your existing property for top dollar, looking for land for new construction, researching available properties, or leasing a facility, our team is ready to help to take your business to the next level. Please feel free to reach out to our team for any commercial or industrial real estate questions today!

Meet the Locals

Who Lives in Miami-Dade County, Florida

Population

2,794,990

Median Age

40.7

Median Household Income

$53,537

Cost of Living Index Score

123.1

Bachelor's Degree or Higher

28.78%

Poverty Rate

14.26%

Nearby

Neighboring Businesses

Business Parks

Business Parks in the Area

Business ParksProperty Type
University of Miami Technology ParkOffice Space
The Allapattah Business CenterOffice Space
Allapattah Produce CenterOffice Space
Business Parks

Shopping Malls and Nearby Landmarks

Business ParksType
Rubell MuseumMuseum
Moore ParkPublic Park
Bruce W. Carter VA Medical CenterHospital
Jackson Memorial HospitalHospital
Shops At CivicaShopping Mall
On the map

Allapattah Map

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