South Florida’s industrial real estate market in 2025 saw significant activity, with the top ten transactions totaling $822 million, according to an analysis by The Real Deal based on data from Cushman & Wakefield and Colliers. This figure is a decline from the $1.1 billion recorded in 2024, reflecting a slowdown in deal volume compared to the previous year’s pace.
Blackstone emerged as the leading seller, responsible for more than half of the top ten assets sold. Buyers such as Terreno Realty, Ares Management, and TA Realty focused their acquisitions on infill and last-mile warehouse properties located in areas like Doral, Miramar, Opa-locka, and Hialeah. Sale prices generally ranged from the mid-$200s to high-$300s per square foot.
The largest deal of the year was Terreno Realty’s purchase of the Royal Palm Doral industrial portfolio for $130.7 million. The two-building complex spans approximately 346,000 square feet and was sold by Blackstone at about $378 per square foot.
Ares Management acquired a three-building portfolio in Miramar and Dania Beach for $120.5 million from Blackstone and Link Logistics. The properties total 457,000 square feet and were purchased at roughly $263 per square foot. This transaction is part of Blackstone’s broader divestment strategy in South Florida’s industrial sector over the past two years.
TA Realty paid $105.7 million for Phase II of Ironwood Commerce Center in Opa-locka—another sale by Blackstone—which reflects ongoing investor interest in newly constructed facilities near major transportation hubs such as Opa-locka Executive Airport.
East Capital Partners entered into one of the year’s biggest deals with its acquisition of Airport Trade Center near Miami International Airport for $90.2 million from Blackstone. The property covers 375,000 square feet and fetched about $241 per square foot.
Other notable transactions included Longpoint Realty Partners’ purchase of America’s Gateway Park in Doral for $82.3 million from Terreno Realty; MIG Real Estate’s acquisition of a ten-property portfolio across Broward County for nearly $70 million; Property Reserve’s extension of its holdings at Beacon Logistics Park in Hialeah with a $58.9 million buy; Ares Management’s addition of Meridian at Weston for $56 million; EQT Exeter’s Broward County portfolio acquisition for just over $55 million; and Martinez Distributors’ purchase of Countyline East Logistics Center in Hialeah for almost $53 million.
These deals underscore sustained demand among institutional investors and local companies alike for distribution space across key logistics corridors—even as new development sites become less available throughout Miami-Dade and Broward counties.
