It is expected the US will see a ‘meaningful’ downturn within the next 12 to 18 months. Consequently, a decline in the rate of warehouse construction is forecasted in the coming months. A significant decrease is expected in 2H 2023 and 1H 2024.
The first quarter findings show the South Florida industrial market remains on a stable trajectory, as demand continues to outpace supply. Companies keep wanting to take industrial space. Population growth and other factors all seem to be pointing in a positive direction.
In the past month, several firms have announced new ventures targeting sites used for parking trucks, containers and equipment. That’s spotlighting a wider bet by investors on this niche commercial real estate sector
Industrial vacancies are low and rents at such cold storage facilities are at record highs. And what type of cold storage occupiers need today may result in changes for builders of the facilities, the occupiers, corporate bottom lines, Five key changes may take place in this niche that industry participants should be aware of:.
The proposal by SJC Ventures calls for an 86,101-square-foot retail center in six buildings, the largest a 40,080-square-foot grocery store. Being one of the more wealthy areas of Miami-Dade, Doral has the strong demographics that retailers favor.