Market Report · South Florida Industrial

What's leasing, and what's left

Leasing activity and current availability across Palm Beach, Broward and Miami-Dade, from the spaces we track every day — square footage absorbed, asking rates, and the submarkets moving fastest. Click a county to drill in.

648 spaces leased · 90 days4.4M SF absorbed2,198 spaces available nowUpdated Sep 14, 2026
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South Florida in the last 90 days

Each figure is compared with the 90 days before it. Green means the market moved the way a landlord wants; red the other way.

Spaces leased

648

Previous87
% change+644.8%
Trend

SF absorbed

4.4MSF

Previous463k
% change+844.3%
Trend

Average asking

$23.09/SF/yr

Previous$22.48
% change+2.7%
Trend

Typical deal

2,385SF

Previous2,000
% change+19.3%
Trend
Market health

How fast is South Florida clearing?

Three readings that say whether this is a landlord's or a tenant's market right now. The black tick on each dial marks the previous 90-day period.

Market velocity

Previous period: 3%0%50%

25%

25% of the square footage listed today was absorbed in the last 90 days — the prior period cleared 3%.

Months of supply

Previous period: 110036

12

At the current pace, today's inventory would take about 12 months to clear. Under 12 favours landlords; over 24 favours tenants.

Asking-rate spread

Previous period: 88%60%140%

91%

Spaces that left the market were asking 91% of today's average listed rate ($25.47). Under 100% means the cheaper space is moving first.

Leasing activity

Twelve months of absorption

Square footage that came off the market each month, with a three-month trend line. Activity is dated by the market check that found the space gone, so months can cluster around sweeps.

SF absorbed by month

Bars: monthly total · Line: three-month average

01M2M3M4MOct: 0OctNov: 0NovDec: 0DecJan '26: 0Jan '26Feb: 0FebMar: 0MarApr: 0AprMay: 463k463kMayJun: 0JunJul: 4M4MJulAug: 3k3kAugSep: 374k374kSepOct trend: 0Nov trend: 0Dec trend: 0Jan '26 trend: 0Feb trend: 0Mar trend: 0Apr trend: 0May trend: 154kJun trend: 154kJul trend: 1.5MAug trend: 1.3MSep trend: 1.5M

Spaces leased by month

Count of spaces withdrawn

0100200300400500600OctNovDecJan '26FebMarAprMayJunJulAugSepSpaces · Oct: 0Spaces · Nov: 0Spaces · Dec: 0Spaces · Jan '26: 0Spaces · Feb: 0Spaces · Mar: 0Spaces · Apr: 0Spaces · May: 87Spaces · Jun: 0Spaces · Jul: 565Spaces · Aug: 2Spaces · Sep: 8181

SF absorbed by asset class

Last 90 days

Industrial: 3.8M (89%)Retail: 361k (8%)Office: 119k (3%)Land: 3k (0%)4.4MSF
  • Industrial3.8M · 89%
  • Retail361k · 8%
  • Office119k · 3%
  • Land3k · 0%

Monthly absorption by asset class

Stacked SF, last twelve months

01M2M3M4MOctNovDecJan '26FebMarAprIndustrial · May: 377kOffice · May: 60k458kMayJunIndustrial · Jul: 3.6MOffice · Jul: 88kRetail · Jul: 304k4MJul3kAugIndustrial · Sep: 253kRetail · Sep: 57k341kSep
  • Industrial4.2M
  • Office179k
  • Retail379k
  • Land4k

Share of absorption by submarket

SF absorbed, last 90 days

  • Miami-Dade52%
  • Palm Beach24%
  • Broward20%
  • Treasure Coast & other4%

Deals by size band

Number of spaces, by square footage

334
<2.5k
111
2.5-5k
99
5-10k
58
10-25k
21
25-50k
14
50k+
What's moving

Where the demand is

The submarkets, asset classes and size ranges that cleared the most space in the last 90 days.

Most active submarkets

  1. 1Miami107 spaces1.3M SF
  2. 2West Palm Beach49 spaces232k SF
  3. 3Boca Raton41 spaces162k SF
  4. 4Pompano Beach36 spaces197k SF
  5. 5Delray Beach34 spaces119k SF

By asset class

  1. 1Industrial3.8M SF478 spaces · $21.07
  2. 2Retail361k SF107 spaces · $30.09
  3. 3Office119k SF39 spaces · $32.49
  4. 4Land3k SF5 spaces · $33.00

By size band

  1. 1<2.5k SF334 deals455k SF
  2. 22.5-5k SF111 deals391k SF
  3. 35-10k SF99 deals655k SF
  4. 410-25k SF58 deals842k SF
  5. 525-50k SF21 deals707k SF
Available now

What's on the market in South Florida today

Current availability across the spaces we track, and what it is asking.

Spaces available

2,198

listed for lease or sale

SF available

17.3MSF

17,270,103 square feet

Average asking

$25.47/SF/yr

1,441 spaces quote a rate

Submarkets

52

cities with 3+ spaces listed

SF available by asset class

What's on the market, by volume

Industrial: 12.8M (75%)Retail: 2M (12%)Office: 2M (12%)Land: 248k (1%)17.3MSF
  • Industrial12.8M · 75%
  • Retail2M · 12%
  • Office2M · 12%
  • Land248k · 1%

Average asking by asset class

$/SF/yr across listed spaces

Land$52.24/SF/yr
Retail$32.87/SF/yr
Office$31.45/SF/yr
Industrial$22.34/SF/yr

Available spaces by size band

Number of spaces listed, by square footage

1,096
<2.5k
420
2.5-5k
275
5-10k
235
10-25k
125
25-50k
46
50k+
Methodology

Where the numbers come from. RE/MAX Industrial Assets maintains its own database of industrial, flex, office and retail space across South Florida and re-checks the market continuously; a space is dated by the check that found it gone, so activity can cluster on sweep dates. A space counts as leased here when it is withdrawn from the market; most are signed leases, some are landlords pulling or re-listing, and we say "leased" rather than "signed" for that reason. Rates are asking rates at the time the space came off the market, not achieved rents. Market velocity is SF absorbed in the window divided by SF listed today; months of supply is SF listed today divided by the window's monthly absorption pace. Figures are aggregates; no individual listing is identified. Not an offer, appraisal or investment advice.

Updated September 14, 2026 · RE/MAX Industrial Assets

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© 2026 RE/MAX Industrial Assets · Market data from the RIA listing database.