Despite headwinds, this soaring niche continues to attract an increasing number of investors. Industry experts expect substantial growth to continue, driven by increasing demand and need for temperature-controlled storage and transportation of food, pharmaceuticals and chemicals.
While outdoor storage has not been immune to headwinds facing commercial real estate of late, the IOS sector still boasts one of the lowest vacancy rates of any property type due to strong supply/demand fundamentals.
Blackstone sold the Medley warehouse to Prologis for as part of a larger portfolio deal. Built on an 8.8-acre site in 2013, this is the first time the Pan American North Business Park has sold.
The twentieth anniversary of the City of Doral was just celebrated on June 10. And even though the celebrations are over, this is a good time to highlight the City’s accomplishments and assess the challenges that lie ahead in the coming years.
The single greatest amenity going forward in the logistics environment is going to be the availability of power. Although the moment where every warehouse or industrial space will be serviced by renewable power sources, it is predicted that the technology will likely appear faster than expected.