Food distribution company Quirch Foods has a lease signed through 2042 with two renewal options for 10 years each. The deal breaks down to $337 per square foot for the 176,699-square-foot building completed in 2021.
Import volumes at the nation’s major container ports could be higher than previously expected for the remainder of this year as retailers face another potential East Coast/Gulf Coast port strike and tariff increases.
To facilitate the airport’s growth, Miami-Dade County could purchase a warehouse that is located just east of MIA. The county has been actively buying property around the airport, including the purchase of an office building in August.
According to Newmark’s Road Work Ahead report, though overall industrial market growth correlates with infrastructure investment, and will continue to do so on a national level, not all markets will see similar levels of growth in the coming years.