Industrial Properties in Little River
Little River is a small neighborhood on the northern edge of the city of Miami, Florida. The community got its namesake from the small river running along the north edge of the suburb. The district features a good mix of retail, commercial, and industrial use properties. The industrial submarket is bordered by NW 79th Street to the north, Biscayne Boulevard to the east, NE 61st Street to the south, and NW 17th Avenue to the west. The fastest route to get to Downtown Miami from Little River is via the I-95, which takes about 10 minutes. To get to the Port of Miami, you’ll take around 15 minutes, making a similar route. Little River also has easy access to the 112 expressway via I-95 and into Miami International.
Historically, the industrial buildings in the area were used for traditional uses. The submarket is in the midst of a big change towards older warehouses being repurposed and converted into galleries, bars, restaurants, breweries, studios, showrooms, and more. New commercials developments are being planned and considered in the area in large part due to the Magic City Innovation District initiative. The goal of Magic City is to transform Little Haiti into a walkable, campus-like neighborhood to live, work, play and learn together. Due to the shift in demand in the submarket and industrial properties being converted, sale and lease rates have seen a consistent increase outside the norms of industrial in the County.
With the rise of e-commerce, there is still opportunity for smaller last mile distribution industrial product in this submarket because of its great logistical access along I-95.
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
There are a lot of older warehouse buildings in the neighborhood which are not designed for distribution because of low ceilings and inefficient loading. Pricing has drastically increased in the submarket both for sale and for lease.The neighborhood has direct access to the I-95 with easy access to various communities and business centers along the coast of Miami-Dade County. Lots of opportunity for redevelopment and repurposing of older properties to potentially build equity for the future.
Submarket Cons
There are a lot of older warehouse buildings in the neighborhood which are not designed for distribution because of low ceilings and inefficient loading. Pricing has drastically increased in the submarket both for sale and for lease.
Is it for me?
Who is this Submarket for
Little River’s commercial and industrial sections are perfect for those looking for a location that has easy access to the markets along I-95 and the population centers along the eatern coast of the City of Miami. Several highways connect the area to Downtown Miami, the Aiport and Seaport, and north to Broward County.
Find Your Warehouse
Latest Warehouses For Sale in Little River
$3,750,000
230 70th St NE
$3,354,500
7811 7th Ave NW
$3,354,500
7771 7th Ave NW
$3,250,000
509 72 ST NW
$2,500,000
287 67 St NE
$2,246,400
290 68 st NE
Latest Warehouses For Lease in Little River
$6,500/mo
372 70th St NE
$5,500/mo
360 70th St NE
$3,000/mo
530 71st St NW
$25/mo
6899 4th Ave NE
$9.67/mo
7200 7th Ave NW
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
| Businesses |
|---|
| McArthur Dairy |
Business Parks
Business Parks in the Area
| Business Parks | Property Type |
|---|---|
| Magic City Studios | Mixed - Use |
| Rail 71 Plaza | Office Space |
Business Parks
Shopping Malls and Nearby Landmarks
| Business Parks | Type |
|---|---|
| Lee R. Perry Sports Complex | Sports Complex |
| Little Haiti Soccer Park | Public Park |
| Miami Northwestern Senior High | School |
| Midpoint | Shopping Mall |
| Rail 71 Plaza | Shopping Mall |
