The largest container ship to ever call on a Florida port just sailed into PortMiami. Officials from the county, including Mayor Carlos Gimenez and others, welcomed the CMA CGM Magellan into the port. The 167-foot wide vessel can hold between 120,000 and 146,000 pallets.
Trade between Latin American countries and the United States is shaping South Florida’s industrial market. The amount of exports and imports traded increased by 9.1% year-over-year in 2018 up to 2.4 million tons, according the 2019 South Florida Industrial Market Outlook report by Houston-based commercial real estate firm Transwestern.
Brazil is by far Miami-Dade’s top trade partner, and Paraguay has long had freight ties. But Commissioner Javier Souto, Aviation Director Lester Sola and PortMiami Director Juan Kuryla point to “tremendous” untapped potential for cargo growth with both.
A warehouse in Hialeah could be rezoned to spur multifamily development near a public transit station. The 8.27-acre site at 1101 East 33rd St. has a 159,000-square-foot warehouse constructed in 1956. It’s seven blocks north of the Tri-Rail/Metrorail transfer station, where the regional rail transit connects with Miami-Dade County’s primary public rail system. It’s also
Warehouses in South Florida sold for less this year than in 2018, according to a recent study. But the price per square foot in Miami-Dade was up, indicating a healthy market, say experts. The average sale price for industrial spaces in Miami-Dade, Broward and Palm Beach dipped from $1.9 million in 2018 to $1.6 million