Industrial prices are being driven by a boom that began with COVID-19 and a market that has remained strong despite normalizing demand and muted transaction volume due to elevated interest rates.
According to Savills, rising property taxes are putting the squeeze on CRE owners and occupiers and they’re also limiting rents. The industrial market is feeling particularly sharp pressure.
The Doral Economic Analysis Report 2024 Update, a continuation of the original study from 2017, reveals a city in the throes of development, with promising statistics for population and housing growth, alongside a diversifying job market.
In March, Commissioner Raquel Regalado asked the county to study either bringing aircraft fuel to the airport by train or constructing fuel facilities at the airport that would be accessible by rail. The Commission’s ongoing conversations with the Florida East Coast Railway is all part of the cargo master plan and reconfiguring of the cargo area to make room for bigger airplanes and better utilize cargo space.
These funds will be used for milling and resurfacing segments of NW 12th Street to NW 25th Street, from NW 107th Avenue to NW 87th Avenue. The enhancements will improve driving conditions and increase reliability and safety for the public.