Medley Canal 9090 NW South River Dr Industriel/Logistique | 125–859 m² | À louer | Miami, FL 33166

Medley tends to be an affordable industrial area, with rents typically below the Miami market average. Despite this, tight availability of space and limited construction activity have resulted in rising rents, in line with trends seen across the general market. Positive demographics, resulting in a rise in consumer spending in South Florida has continued to solidify tenant demand in the area, making remaining space increasingly attractive.

Sitting between the Palmetto Expressway to the east and the Turnpike to the west, Medley offers an attractive location with proximity to major highway corridors. Additionally, the area is just north of Miami International Airport and is 15 miles away from PortMiami.

Industrial tenants in the area tend to focus within the transportation and public utilities, wholesale trade, and manufacturing industries. Major tenants located here include PriceSmart, Kuehne + Nagel Contract Logistics, and SNCF Group.

The ongoing growth of Miami in terms of demographics and residential construction will continue to boost demand for industrial space in the area. Tenants increasingly want to secure space here as they are tapping into the growing South Florida economy. The limited availability of land for new construction has made existing industrial space in South Florida increasingly attractive for both tenants and real estate investors.