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Demand for warehouse space in Miami remains strong, fueled by population growth

​The industrial market in Miami has strong long-term fundamentals fueled largely by population growth, new businesses and expansions, and the influx of e-commerce in the region, all of which are driving demand for warehouse space.

Among its comparable markets, the Miami metro had the second highest percent change in population from 2010 to 2016 with an 8.6 percent increase. This correlated with more than 20.4 million square feet of positive net absorption during the same period.

Miami has become the second most populous metro in the Southeast and the seventh most populous in the United States with over 6.0 million residents.

Source: JLL Research; Census Bureau




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