PortMiami officials described the visit as highly successful, noting that the discussions laid a strong foundation for future collaboration and deeper integration of maritime and logistics operations between Miami and Jamaica.
Class B and C industrial vacancy rates in Miami have remained stable, holding below 5%, as tenants increasingly prioritize value over newly built assets.
Over two days in late July, Regalado’s office sued 17 property owners in Miami-Dade Circuit Court after they successfully lowered their 2024 valuations, resulting in reduced property tax bills.
The project would be one of the largest industrial developments in Miami-Dade. With vacant industrial land scarce in South Florida, developers are increasingly looking to repurpose man-made lakes despite the high cost.