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Free guide · South Florida industrial owners

What's Your Warehouse Really Worth?

A free, numbers-first guide for South Florida industrial owners — how your building's value actually gets built, this quarter's real Broward and Miami-Dade comps, and what moves your number. From a broker who owns warehouse property himself.

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500+ closed transactions 160+ verified 5-star reviews Licensed since 2006
Sanmartin Group2026 Edition · Q2 2026 data
Industrial owner's guide
Broward & Miami-Dade
What's my warehouse worth?

A straight, numbers-first answer for South Florida industrial owners — how your building's value gets built, what the market is doing right now, and what moves your number.

David Sanmartin · Industrial specialist
The problem

You don't sell a warehouse every year.

The fear, named

So most owners price the biggest asset they own from a number that's a few years old, a neighbor's story, or a gut feel — and find out what it was actually worth from the buyer.

What it costs to get wrong

Price too low and you leave real money on the table, on a sale you only get to make once. Price too high and the building sits while the serious buyers move on. And if a 1031 exchange or a business sale is riding on it, a wrong number turns into a missed deadline or a tax bill you meant to defer.

There's a better way

Know your real number first — how it's built, what today's market says, and what moves it — before anyone else puts a number on your building. That's exactly what this guide does.

The guide · What's inside

What's My Warehouse Worth?The South Florida industrial owner's guide to a real number

01

How a warehouse actually gets valued — price per square foot, sale comps vs. lease comps, what NNN means, and how a lease changes what an investor will pay

02

This quarter's real numbers for Broward and Miami-Dade — vacancy, asking rents, absorption, and the actual sale comps by name and price per foot, sources named

03

Why Hialeah is the tightest industrial submarket in Miami-Dade right now, and what that means if you own there

04

The five things that move your number up or down — building specs, zoning and permitted use, tenancy, open permits and liens, financing conditions

05

Six mistakes owners make with their number, and what each one costs

06

Your four options once you know the number — sell, 1031 exchange, seller financing, or lease and hold — and how to think about each

07

The checklist of what to have ready before you ask anyone for a valuation

Why it's worth more than free

An online estimate can't tell you what a 1980s grade-level bay in Hialeah trades for versus a new dock-high logistics building in Hollywood. This can — because it's built from the reports and comps I read every quarter, not from an algorithm.

Sanmartin Group2026 Edition · Q2 2026 data
Industrial owner's guide
Broward & Miami-Dade
What's my warehouse worth?

A straight, numbers-first answer for South Florida industrial owners — how your building's value gets built, what the market is doing right now, and what moves your number.

David Sanmartin · Industrial specialist
Welcome video · 60 sec
David Sanmartin
About David

David Sanmartin

I'm an industrial real estate specialist in South Florida — warehouse owners, landlords, investors, buyers, and tenants across Broward and Miami-Dade. I track price per square foot, vacancy, and leasing comps the way most agents here track home prices, because that's the number your decision rides on. And I own and operate multi-unit warehouse property myself, leasing to my own tenants — so I know what a building really costs to run, not just what it lists for.

Why I'm qualified

Licensed in South Florida since 2006, with more than 500 closed transactions — and today, a practice built on industrial and commercial property.

My process
Your real number

I pull current sale and lease comps for your specific building and submarket, walk you through them, and tell you straight where it lands — even if it isn't the number you hoped for.

The right strategy

Sell, lease, exchange, or hold — with pricing and terms that fit your timeline, your tenant situation, and what you want the deal to do for you.

Start to finish

Marketing to the right buyers or tenants, direct negotiation, and closing coordination — with permits, liens, and 1031 timing flagged early, not late.

Why work with David · The offer

What I offer

01A real valuation, not a guess

A current, data-backed read on price per square foot for your specific property and submarket, and a pricing and terms strategy built from real comps, so you're not leaving money on the table or sitting.

02Marketing and sourcing

The right buyer or tenant for your building, including serious investors and 1031-exchange buyers when it fits.

03Direct negotiation

Including the creative structures most agents avoid, like seller financing and zoning or highest-and-best-use plays, when the deal calls for them.

04Closing coordination

Permits, liens, and title issues flagged and worked through before they can derail a deal.

05Exit planning

If you're retiring or selling a business alongside the real estate, help thinking through timeline, personal property, and 1031 considerations as part of the sale.

Why me

Most agents in South Florida are residential-focused and don't track industrial fundamentals. I do — price per foot for rent and sale, vacancy, leasing dynamics, zoning, negotiation. And I own and operate the same kind of asset I sell. When the moment that matters most comes around once — retirement, a business exit, a 1031 — you want the person who understands your building's value from both sides of the table.

The transformation

From "I think it's worth about…" to a number you can defend, a strategy that fits your timeline, and a process built to close clean — with someone who gives you the honest read, responds fast, and never pushes you into a deal that isn't right for you.

The local market · Your submarkets

Broward and Miami-Dade, quarter by quarter

Communities I serve

Broward — Hollywood, Hallandale Beach, Fort Lauderdale, Dania Beach, Davie, Plantation, Pompano Beach, West Park, Miramar, Sunrise, Coral Springs, Oakland Park, and Deerfield Beach.

Miami-Dade — North Miami, Miami Gardens, Opa-locka, Hialeah, Doral, Medley, Miami Lakes, South Miami, and Miami.

David Sanmartin at a South Florida dock-high logistics building
Broward
118.4M SFIndustrial space6.7%Vacancy · Q2 2026$17.44/SFNNN · avg rent · new high

About 118.4 million square feet of industrial space. Vacancy 6.7% in Q2 2026, up from 5.2% a year earlier as a late-2025 supply wave delivered — yet asking rents hit a new high of $17.44/SF NNN, up 3.0% year-over-year, the fourth straight quarterly increase. Recent sales ran from roughly $268/SF in Pompano Beach to about $387/SF for Stirling Logistics Center in Hollywood — newer, larger buildings; older owner-user bays trade differently, which is exactly why a county average can mislead you.

Miami-Dade
285M SFIndustrial space8.0%Vacancy · Q2 2026$20.75/SFGross · avg rent · Q2 2026

About 285 million square feet. Vacancy 8.0%, up from 6.7% a year ago, with 3.9 million square feet still under construction — a real correction — while average rents held at $20.75/SF gross (up 1.5%) and the average sale price sits around $204/SF.

Hialeah
5.6%Vacancy · Q2 2026 · tightest~69,000 SFPipeline$16.14/SFNNN · avg rent

5.6% vacancy, the tightest of any major Miami-Dade industrial submarket, on a construction pipeline of only about 69,000 SF — and the most accessible rents in the county at $16.14/SF NNN. That tightness is structural, not a lucky quarter.

Near Miami Airport and North Miami
$23.52/SFAirport West · gross$22.00/SFAirport East · gross$18.45/SFNorth Miami · gross

The airport corridor carries the highest asking rents in the county — proximity to cargo and the expressways is priced in, and it holds up even when county-wide vacancy rises. North Miami sits several dollars below it. If your building is inside that ring, pricing it off a county average understates it; just outside, it overstates it.

Sources: Berger Commercial Realty and Agora Real Estate Group, Q2 2026 reports (CoStar Group data), July 2026.
Why my local depth matters to you

The same building is worth a different number in Hialeah than in Pompano Beach, leased than vacant, dock-high than grade-level. Knowing these submarkets quarter by quarter is how you avoid pricing off the wrong comp — in either direction.

David Sanmartin on site at an industrial bay door
Proof · Results

What owners say

"David conducted an evaluation of our commercial property for leasing purposes… He was able to lease our property in under 80 days. We're extremely satisfied with David's service and would definitely use him again."

Commercial owner and landlord · 2025

"The property was sold and closed within 2 weeks: something unheard from me before. I highly recommend David to anyone looking for top level real estate services."

Commercial seller · 2023

"David was extremely professional, and never made me feel pressured to take an offer… If you're looking for someone that is honest, and has your best interest at heart… Ask for David."

Jerry · Commercial landlord · 2026

"I have moved from other state and was looking for a property in Florida… after the first deal he sure became my realtor. I have bought multiple properties."

Investor and repeat buyer · 2023
Closed transactions500+since 2006
Verified 5-star reviews160+across RateMyAgent and Google
Licensed in Florida2006twenty years in South Florida
Case story

A client who bought an 11,000 SF Dania Beach warehouse through me in 2020 called in 2026 to sell it — he'd outsourced production and didn't need the space. We priced it to current comps, negotiated the racks and shelving into the deal, and it went under contract in 9 days with 7 offers, closing 60 days later at $3,150,000 with a cash buyer.

Every one of these started the same way — an owner who didn't want to guess. That's the whole point of the guide, and of the conversation after it, if you ever want one.

The Dania Beach warehouse sold in 2026
Sold$3,150,000 · 11,000 SF · Dania Beach
Verified closings · RateMyAgent reviews
PropertyTypeReviewPriceClosed
5676 Funston StWarehouse · Sold"Third transaction… everything upfront and clear"$1,025,000Apr 2024
2111 John P Lyons LnWarehouse · Sold"Knows his job very well, awesome service"$600,000Feb 2024
2180 Anntom DrIndustrial · Sold"A good fit for the property at a fair price"$600,000Jan 2024
2110 Anntom DrIndustrial · Sold"Excellent knowledge of the market"$585,000Sep 2023
2150 Anntom DrWarehouse · Sold"Would recommend him a 100 times over"$581,000Apr 2023
4611 SW 44th AveWarehouse · Leased"Leased our property in under 80 days"$11,200/moAug 2025
Verified transactions · reviews submitted by the seller, buyer, or landlord via RateMyAgent
Follow along

Follow for more free value

I share South Florida industrial market reads — price per foot, vacancy, what's moving in Broward and Miami-Dade, and what it means for owners — plainly and without the hype. LinkedIn is where the deeper breakdowns live.

LinkedInlinkedin.com/in/davidsanmartinrealtor Instagram@davidsanmartinrealtor Facebookfacebook.com/davidsanmartinrealtor TikTok@davidsanmartinrealtor GoogleDavid Sanmartin, Realtor · reviews
The guide · Free

What's My Warehouse Worth?Your real number, not a guess

01How your warehouse actually gets valued — and how a lease changes the number
02This quarter's real Broward and Miami-Dade numbers and sale comps, sources named
03The checklist of what to have ready before anyone gives you a number
Free. Instant. No spam — unsubscribe anytime.
Is this a sales pitch?

No — it's the guide, the same numbers I'd walk you through in person. If you ever want your specific number, you know where to find me.

Will I get spammed?

No. The guide downloads instantly, I'll reach out once to make sure you got it, and you can unsubscribe from anything anytime.

I'm not selling — I just want to know my number. Is this for me?

That's exactly who it's for. Knowing your real number costs nothing, and the owners who exit well are the ones who knew it long before they listed.