Hialeah is one of Miami-Dade’s established industrial submarkets: about 31.4 million square feet across 1,685 buildings, with the lowest vacancy of the five notable submarkets in Agora’s Q3 2026 market report (6.4%, against 7.6% for Miami-Dade as a whole) and a market rent of $16.12 per square foot, below neighboring Medley. For buyers, those numbers point to two main paths: owner-users who want to occupy a building and investors who target value-add, small-bay, and income-producing properties.
This guide walks through Hialeah’s market numbers and what they mean for buyers.
How big is Hialeah’s industrial market?
Hialeah holds about 31.4 million square feet of industrial space in 1,685 buildings. That is 11.0% of Miami-Dade’s roughly 285 million square feet. Among the five notable submarkets in Miami, Hialeah has the most buildings, and it ranks fourth in total square footage, behind Miami Airport West, N. Miami Beach and Medley.
A large number of buildings means a wide range of options for buyers in size, age, layout, and condition. That is why comparing individual properties matters more than reading the submarket average. You can see how Hialeah fits within the county on our Hialeah submarket page.
How tight is Hialeah compared with Medley and Miami-Dade?
Here is how Hialeah stacks up against its neighbor and the county in Q3 2026:
- Hialeah: 31.4M SF of inventory in 1,685 buildings, 6.4% vacancy, $16.12 PSF market rent, and 69K SF under construction.
- Medley: 42.2M SF in 997 buildings, 9.3% vacancy, $19.60 PSF market rent, and 489K SF under construction.
- Miami-Dade: about 285M SF, 7.6% vacancy, $21.06 PSF market rent, and 2.5M SF under construction.
Hialeah’s 6.4% vacancy is below both Medley’s 9.3% and the county’s 7.6%. Its market rent follows the same pattern: lower than Medley and lower than the county average. For context, county vacancy was 6.5% a year ago, and the report expects it to hold near 7.6% through year-end.
Is new supply coming to Hialeah?
Not much, according to the Q3 numbers. Hialeah has 69K square feet under construction, compared with 489K in Medley and 2.5 million across Miami-Dade. The county’s market is normalizing as new supply increases, and newer properties remain about 93% leased.
For buyers, the amount of space under construction is one of the factors that shapes how many comparable buildings will compete with yours later, whether you plan to occupy the property or rent it out.
What does Hialeah’s market rent tell a buyer?
Market rent per square foot is a benchmark, and it reads differently depending on who is buying.
If you are an investor, it indicates what a comparable space could earn. Comparing a property’s current rent with the market rent shows whether the income is in line with the submarket or has room to grow.
If you are an owner-user, it shows what it would cost to rent a similar space from a landlord. Setting that against the cost of owning a building is one way to frame whether occupying your own property makes sense for your business.
In both cases, the rent figure is a starting point. The terms of each lease, such as the remaining term, escalations, and renewal options, determine how a specific building actually performs.
Where do investors find opportunities in Hialeah?
Agora’s analysis of the Miami industrial investment market identifies Hialeah as a primary target for private buyers seeking value-add acquisitions, multi-tenant small-bay industrial parks, and functional facilities with stable cash flow. You can read more in our article on industrial property investment in Miami.
What is a value-add industrial property?
It is a property with room to improve: leasing up vacant space, upgrading the building, or bringing rents closer to market. The market rent benchmark ($16.12 PSF in Q3) helps measure how large that gap might be.
What is a multi-tenant small-bay property?
It is a building divided into smaller units rented to different tenants. Income is spread across several leases instead of depending on a single tenant, which changes how a buyer evaluates risk.
What makes a facility functional with stable cash flow?
Layout, loading, and condition that suit tenants’ needs and keep the building leased. When you evaluate one, look at the tenant, the remaining lease term, and the condition of the property.
What do industrial properties for sale in Hialeah look like in practice?
Most buyers end up looking at three kinds of properties:
- Small-bay, multi-tenant buildings, which appeal to investors who want several tenants and a diversified rent roll.
- Owner-user buildings, such as a warehouse or flex property that a business can occupy directly.
- Leased investment properties, where an existing tenant and lease are part of what you are buying.
You can browse everything we currently have for sale on our properties for sale page.
How do you evaluate a specific Hialeah building beyond the submarket numbers?
Submarket figures set the backdrop, but the building itself decides whether a property works for you. Once you have a Hialeah property on your shortlist, look at its roof, power capacity, loading, and layout. If it’s leased, look at how its rent compares with the market.
To put a number on a specific building, we provide property valuations based on comparable sales and the property’s own features.
Frequently asked questions
Does Hialeah have more industrial buildings than other Miami-Dade submarkets?
Among the five notable submarkets in our Q3 2026 report, yes: Hialeah has the most buildings (1,685), although it ranks fourth in total square footage (31.4 million).
Is market rent in Hialeah higher or lower than the Miami-Dade average?
Lower. In Q3 2026, market rent in Hialeah was $16.12 per square foot, compared with $19.60 in Medley and $21.06 across Miami-Dade.
What share of Miami-Dade’s industrial space is in Hialeah?
About 11.0% of the county’s roughly 285 million square feet of industrial inventory.
Is industrial sales activity still strong in Miami-Dade?
Industrial sales volume remains strong at roughly $1.9 billion a year, even though county vacancy rose from 6.5% to 7.6% over the past twelve months.
What does under construction mean for an industrial buyer?
It refers to space that is still being built and has not been delivered. For buyers, it signals future supply that can compete with existing buildings. In Hialeah, 69K square feet were under construction in Q3.
Can a business owner buy a warehouse in Hialeah to use as its own space?
Yes. Buyers who occupy the property they purchase are known as owner-users. For them, the question is whether the building’s specs fit the operation and how the cost of owning it compares with renting similar space.
Want to go deeper on Hialeah?
If you are evaluating industrial real estate in Hialeah, we can walk you through the full numbers. Access the Q3 2026 market report or contact us to talk about what you are looking for.