Miami International Airport’s continued growth as a global cargo gateway is helping reinforce one of South Florida’s most enduring industrial real estate advantages: warehouse space located within minutes of the airport.
The collateral includes a 47,668-square-foot warehouse at 7300 NW 35th Terrace, located just north of Miami International Airport. Property records connect the industrial facility to Eleo Group, an entity affiliated with the food company.
A global aviation services company has significantly enlarged its operation beside Miami International Airport, adding heavy-maintenance capacity and preparing to expand its local workforce. The number of new positions shows just how substantial the project could be for the airport-area economy.
New construction and rising vacancy are expanding the range of industrial spaces available across Miami-Dade. But tenants comparing warehouses near the airport are discovering that the market’s changing conditions do not apply equally to every property.