Industrial Properties in South Dade
Southern Miami-Dade is the vast land area in the southern portion of the County. The submarket is bordered by the Everglades to the west, Biscayne Bay to the east, the rest of the municipalities in Miami to the north, and the Florida keys to the south. South Dade includes Homestead and Florida City, and several unincorporated communities including the Redland, Leisure City, Naranja, and Princeton. While 90% of the industrial property in Dade County are north of the Dolphin Expressway, South Dade is getting much more attention in recent years from industrial users, investors, and developers. Historically, the region has been dominated by the agriculture industry. Now, with the cost of living and housing in other parts of the County ever increasing, the traffic congestion, and the decrease in land availability and corresponding increase in pricing, both residential and commercial developers have their sights set on South Dade. In fact, Amazon recently acquired a large site in Homestead to build a 1,000,000 SF distribution center.
There’s a significant number of planned residential development throughout the submarket to support the growing demand from other areas of the County and the increasing need for affordable housing in Miami.
Most of the current warehouse users in South Dade are smaller businesses servicing the local areas and the Florida Keys. Most industrial properties are smaller street-level warehouses outside of a few build to suit properties for a select handful of larger industrial users who call Homestead headquarters.
Notable landmarks in South Dade include the Homestead Air Force Base and the Homestead Speedway, which attract a significant number of visitors each year.
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 region offers a selection of competitively priced commercial real estate that buyers looking for relatively affordable property options will appreciate. There's a significant amount of residential developments and communities throughout South Dade, providing lots of opportunities for businesses looking to serve the local population.
Submarket Cons
The region being outside the urban centers of Miami-Dade County is a significant drive away from the city center, which can be a concern for some buyers looking at the area.
Is it for me?
Who is this Submarket for
With a lot of increase in real estate prices in the city, many people are looking to move south for better rates. There are lots of opportunities for savvy investors looking to establish properties for future demand. Manufacturing facilities are also plentiful in South Dade, perfect for companies looking to expand just outside Miami.
Find Your Warehouse
Latest Warehouses For Sale in South Dade
$6,500,000
10460 186th St SW
$2,900,000
16115 117th Ave SW 10-13
$2,500,000
10505 186th St SW
$1,690,000
27750 222nd Ave SW
$999,000
10490 186th St SW
$499,777
911 Mowry Dr W
Latest Warehouses For Lease in South Dade
$6,224/mo
18736 107th Ave SW 19
$5,500/mo
21150 167th Ave SW
$2,500/mo
10780 190th St SW
$1,900/mo
16235 117th Ave SW 5
$1,150/mo
17304 Walker Ave 106
$17/mo
10890 QUAIL ROOST DR
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 Parks | Property Type |
---|---|
Amazon's Mega Warehouse | Warehouse Distribution |
Homestead Park of Commerce | Warehouse Distribution |
New Construction proposed at 23400 SW 132nd Ave | Warehouse Distribution |
Business Parks
Shopping Malls and Nearby Landmarks
Business Parks | Type |
---|---|
Opa-Locka Airport | Regional Airport |
Opa Locka Hialeah Flea Market | Public Market |
Ingram Park | Public Park |
Homestead Air Force Base | Military Base |
Homestead Miami Speedway | Racetrack |