Opa Locka, Florida, Commercial Submarket

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Services for Real Estate Pros with InboundREM

Opa Locka, Florida, Commercial Submarket

Submarket Information

Opa Locka is a city in Miami-Dade County located about 15 miles north of Downtown Miami. The city is situated north of Hialeah and Westview, east of Miami Lakes, south of Miami Gardens, and west of Golden Glades. Industrial areas in this submarket offer an excellent location for businesses interested in easy access to Downtown Miami. The area also offers affordable alternatives for warehouses and logistics facilities compared to other options in Doral and similar neighboring cities and submarkets. Facilities in Opa Locka have easy access to major highways, including FL-924, Gratigny Expressway, and the I-95. Logistics companies also enjoy similar distances to Downtown Miami to the south and Ft Lauderdale to the north.

Available supply in Opa Locka comprises big-box warehouses and distribution facilities with some older street-level manufacturing buildings. Newer developments have also been planned in the area, with Amazon opening a brand new 800,000 SF distribution center next to the Opa Locka Airport. Other notable industrial parks in the neighborhood include Centergate at Gratigny, Eastview Commerce Center, and Carrie Meek Distribution Center, with the Gratigny Logistics Center's construction ramping up in 2020. One consideration for buyers looking at the area is potential financial issues in the city, with most newer developments being located in unincorporated areas outside the city limits. For additional information on available commercial real estate in the area, please feel free to contact our team at your convenience.

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

 

Business and Industrial Parks

Opa Locka Submarket Property Type
Centergate at Gratigny Warehouse Distribution
Seaboard Industrial Park Warehouse Distribution
Eastview Commerce Center Warehouse and Office Space
Gratigny Logistics Center Warehouse Distribution
Amazon's Mega Warehouse Warehouse Distribution

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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