The 7.3% year-over-year increase is good news for landlords that have been coping with a supply surge, but the overall industrial market is still down from its record highs in 2022.
According to a new research study, the light industrial subsector demonstrates particular resilience even during turbulent times, especially when compared with other property types, including larger industrial assets.
Industrial has been the star of all the different sectors coming out of Covid, especially in metropolises that are super high density like South Florida. With a constraint on land, one of the growing trends in CRE is converting vacated office space into industrial use.
Under this initiative, maritime workers at the port are set to embark on a College Credit Certificate in Logistics and Transportation. The classes, shared with MDC students, plan to cover a wide spectrum of subjects central to supply chain management – from negotiation techniques to project management.