Market Insights / Miami-Dade County

The I-395 Rebuild, the Ludlam Trail and the Underline Are Reshaping How Miami Moves. Here Is What Logistics Users Should Watch

Three infrastructure projects are changing how people and goods move through Miami-Dade: the $866 million reconstruction of I-395, State Road 836 and I-95 around downtown Miami, the conversion of a former Florida East Coast Railway corridor into the 5.6-mile Ludlam Trail, and the nearly complete 10-mile Underline linear park.

By Jose Rueda Team Lead, AXCESS Commercial
November 1, 2026
Economic Indicators
7.1%
Vacancy rate
Unchanged QoQ
9.5%
Availability rate
▼ -0.1 pts QoQ
723K SF
Net absorption
▲ Positive
2.8M SF
Under construction
▼ -5% QoQ
$16.60/SF
Avg asking rent
▼ -0.2% QoQ
Industrial market · Third-party research, Q2 to Q3 2026
Averages and rounded figures are AXCESS Commercial Team calculations based on third-party research as published. They are believed to be reliable but have not been independently verified, may contain errors, and are not investment advice.
Home › Market News › The I-395 Rebuild, the Ludlam Trail and the Underline Are Reshaping How Miami Moves. Here Is What Logistics Users Should Watch

Three infrastructure projects are changing how people and goods move through Miami-Dade: the $866 million reconstruction of I-395, State Road 836 and I-95 around downtown Miami, the conversion of a former Florida East Coast Railway corridor into the 5.6-mile Ludlam Trail, and the nearly complete 10-mile Underline linear park. Traded has tracked progress on all three. Each matters to businesses that depend on trucks, access and location.

The projects

The centerpiece of the downtown highway rebuild is the I-395 Signature Bridge, a 1,025-foot structure with six arches, the largest rising about 325 feet. The broader reconstruction covers about 1.4 miles of I-395 and is expected to be complete in late 2029. The Ludlam Trail has moved into design, with Kimley-Horn awarded the contract and nearly $48 million secured, and will run from SW 80th Street to about NW 7th Street. The Underline opened a new 1.17-mile stretch between Dadeland and South Miami, bringing it to seven of its ten miles, with the rest expected by the end of 2026.

Miami-Dade industrial vacancy rate
4%5.3%6.5%7.8%9%Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '267.0%Q3 2026
Third-party research, Q2 2025 to Q3 2026. Averages and rounded figures are AXCESS Commercial Team calculations based on third-party research as published. They are believed to be reliable but have not been independently verified, may contain errors, and are not investment advice.

Why logistics users should care

The I-395, State Road 836 and I-95 interchange is one of the region’s most important truck connections, linking the industrial districts around the airport and the Dolphin Expressway with downtown, the port and the beaches. Construction through 2029 means lane closures, detours and unpredictable travel times for delivery fleets and service companies working the urban core. Businesses that serve downtown and the beaches from the west feel that directly in labor hours and fuel.

The Ludlam Trail tells a different story. It turns a rail corridor into a park, a reminder that rail-served industrial land in the urban core has been shrinking for years. And both linear parks make nearby neighborhoods more attractive for housing, adding density that raises demand for close-in services while pushing land values beyond what industrial users can pay.

What this means for you

If you run a delivery, service or distribution operation serving downtown Miami and the beaches, factor construction delays into routes and consider whether a location closer to your customers would pay for itself. If you own industrial space with easy access to the 836 and I-95 without crossing the construction zone, that access is a selling point through 2029. If you own property near the new trails, its redevelopment value is likely rising.

AXCESS Commercial helps Miami-Dade businesses find locations that work, and leases space, lists properties for sale and manages commercial and industrial buildings.

Talk to our team about leasing, listing or managing your Miami-Dade property →

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