Medley, Florida, Commercial Submarket

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Services for Real Estate Pros with InboundREM

Medley, Miami-Dade County, Florida, Commercial Submarket

Submarket Information

Medley is a mostly industrial municipality 13 miles northwest of Downtown Miami. The submarket is a 7-mile drive away from the MIA and a 14-mile drive from the Port of Miami. There has been significant development in the region's available supply, including high-end properties that provide modern features perfect for investors looking at investing in commercial real estate in the region. The region also features some of the only industrial properties with access to the FEC Rail system.

Investors looking at operating in an exclusively industrial section of Miami will find properties in Medley quite attractive. Nearby highways also provide businesses in the region easy access to the rest of the city center. Available supply in the submarket includes large, multitenant, dock-height logistics facilities. Most properties typically come under 30,000 square feet and come with structures that offer larger spaces perfect for storage and distribution. Notable new developments in Medley include FirstPark Miami, Miami 27, and South River Industrial. These industrial parks are ideal distribution hubs for the greater tri-county area. These developments are centered primarily in the northwestern portion of the city with excellent access to major highways in the region.

The well-developed city of Medley is surrounded by ample residential developments that provide housing for potential employees for investors looking to establish their business in the region. One downside, however, when considering a purchase or rental in the community is its significant distance from Downtown Miami, the MIA, and the Port of Miami. Available supply in the submarket is a mix of old and new commercial real estate with a large amount of multi-tenant spaces used to support various business needs. If you would like to learn more about the Medley submarket, please be sure to get in touch with our team.

Check out our website at https://patmcbride.com/.

 

Business and Industrial Parks

Medley Submarket Property Type
Prologis Miami International Tradeport Industrial Park
Flagler Station Phase I, II, and III Business Park
Lakeview Industrial Center Industrial Park
North River Commerce Center Industrial Park
The Port @ Medley 105 Warehouse - Distribution
Medley Commerce Center Industrial Park

Check out our website at https://patmcbride.com/.

Miami, FL Market Report:

Total Square Feet Inventory: 250,000,000 SF
Average Sale Price Per Sqft: $157 PSF
Under Construction: 4,000,000 SF
Market Rent: $12.61 psf
Vacancy Rate: 6.1%

Miami-Dade County, Florida Community Report:

Population: 2,794,990
Average Household Income: $53,537
Median Age: 40.7
Cost of Living Index Score: 123.1

If you would like to receive a FREE Competitive Market Analysis, contact me today.

Let Me Help You Find Your Miami, FL Commercial Property!

If you are a buyer, it is essential to have the assistance of a Buyer's Agent to represent you during the transaction. If you need additional help or would like to schedule a showing, contact our office at 305-619-2937

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POSTED BY
Miami Warehouses For Sale
Pat McBride
305-619-2937
8200 NW 41st Street Suite 155
Doral, FL 33166 

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