Amazon, Atlas Air- these are just some of the many corporations moving warehouse operations to Miami within this year.<\/p>\n
But why is South Florida seeing a boom in big-box spaces?<\/p>\n
\u201cWith the increase of consumption from e-commerce, hotels, the airport and all those, those, those providers that need warehouse space to supply to their customers,\u201d Edison Vasquez explains.<\/p>\n
Vasquez, a Managing Partner with ComReal Miami, has over 20 years of experience in the warehouse real estate space, and it\u2019s changed drastically.<\/p>\n
\u201cThe transition has been Miami has become a major market,” he said. “Similar to LA, similar to New York and New Jersey, where the limitation of land has attracted capital and attracted views from, from users, looking to place capital.”<\/p>\n
Vasquez said, \u201cThis has translated from an, a type of ownership where owners, small owners have been transitioned to bigger funds and bigger owners own multiple properties, multiple portfolios.\u201d<\/p>\n
So small businesses are becoming bigger or absorbed by bigger corporations, meaning more stuff which needs more storage.<\/p>\n
According to data from Miami Realtors<\/a>, sales of commercial real estate in Southeast Florida rose to $16 billion in 2025, up 26% from 2024. In Miami-Dade County, sales rose more than 30%. In Broward County, it was roughly 27%.<\/p>\n According to data from ComReal,<\/a> as of the start of this year, Miami-Dade has more than 281 million square feet of total industrial inventory.<\/p>\n Vasquez said it\u2019s projected that every year developers will add 4 to 5 million square feet into the market because our warehouse sale prices far exceed national averages, at roughly $275 dollars per square foot.<\/p>\n But who is buying these properties?<\/p>\n Vasquez said there are lots of e-commerce companies like Amazon, but it\u2019s more so logistics companies that help to supplement our tourism and consumerism.<\/p>\n \u201cYou see millions of tourists visiting, visiting us through different airports, the cruise lines, millions of passengers, all those consumers need to be supplied, need to be services from laundry to frozen treat, to everything that goes on an airplane,” he said. “All that has to go through a warehouse space. Also, consumption in the malls. You go to the malls and buy a suitcase, and luggage and electronics, all that goes through a warehouse space and then transit. And then the tourists take it to their countries or their destination.\u201d<\/p>\n And while warehouses are booming, there\u2019s a problem.<\/p>\n In South Florida, there\u2019s only so much land to build on.<\/p>\n \u201cI think the future is going to depend a lot on the and the creativity of developers and finding land sites,” he said. “That has been the challenge for many years. Finding a five-acre site, a ten-acre site, even more is challenging. So, owners have been creative about, buying all office buildings and all the retail and all of that buildings to, basically demolish those and, and, and build warehouse space.\u201d<\/p>\n While the warehouse boom has brought about an increase in employment<\/a> in industries like trade and construction, the problem is finding labor to man these warehouses, like forklift drivers or reception.<\/p>\n As the price of residential real estate has risen, in Miami-Dade County it\u2019s now at more than $515,000, according to Zillow.<\/a><\/p>\n