Industrial Properties in Wynwood
Wynwood is an upscale urban neighborhood in the northern part of the City of Miami, Florida. The submarket is directly north of Downtown Miami and west of the high-end residential developments in Edgewater. Borders of the area include I-195 to the north, NE 2nd Avenue to the east, NE 20th Street to the south, and I-95 to the west. It is well located logistically with easy access to I-95.
Wynwood is known for its art galleries, restaurants, and vibrant night life. It now also features well-developed commercial real estate, including a variety of retail, commercial, and office buildings. The neighborhood has not been a traditional industrial neighborhood for quite some time as the transformation has given rise to art galleries, street art, shops, retail, and so much more. There has been a lot of redevelopment and revitalization of this old industrial submarket. Older warehouse buildings are garnering prices quadruple or more of traditional warehouse properties. Users have long relocated from the market. With the demand for commercial real estate rising in the area, manufacturing companies in the region and other similar businesses have started moving out and into more affordable submarkets in Miami. The increase in price has also affected neighboring communities creating similar demand, especially to the west in Allapattah. For those interested in the area and looking to see available properties and up to date real estate market information, give us a call.
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
Wynwood offers an excellent location right next to upscale residential neighborhoods and the Downtown district of Miami. The area is a short drive away from the MIA and the Port of Miami. Upscale commercial real estate enjoys substantial foot traffic with lots of potential for commercial and retail establishments.
Submarket Cons
Wynwood is one of the most expensive submarkets in the region due to the demand for commercial real estate in the area.
Is it for me?
Who is this Submarket for
The area offers one of the cultural centers of the city known for its museums, galleries, retail, dining, events, and many other commercial establishments. Demand for real estate in the area is high, providing lots of upside for investments in the area. Wynwood is perfect for buyers looking to build equity or set up rental properties in the neighborhood.
Find Your Warehouse
Latest Warehouses For Sale in Wynwood
There are no publicly available listings at the moment. Contact us about available properties in this area.
Contact UsLatest Warehouses For Lease in Wynwood
There are no publicly available listings at the moment. Contact us about available properties in this area.
Contact Us
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%
Business Parks
Business Parks in the Area
| Business Parks | Property Type |
|---|---|
| The Wynwood Building | Office Space |
| The Atrium Trackside | Commercial Space |
| Cube Wynwood | Office Space |
| The Wynwood Garage | Office Space |
Business Parks
Shopping Malls and Nearby Landmarks
| Business Parks | Type |
|---|---|
| The Shops at Midtown Miami | Shopping Mall |
| Mana Wynwood Convention Center | Convention Center |
| Roberto Clemente Park | Public Park |
| Wynwood Walls | Outdoor Art Museum |
