Updates and projections for commercial real estate’s hottest sector were discussed at the recently held NAIOP I.CON East industrial real estate conference, with more than 1,200 leaders attending from around North America.
According to Green Street’s latest industrial sector update, the eport authors point to cold storage demand, rising NOI forecasts and cash-releasing spreads — especially at Prologis — and Houston and East Coast port activity.
The 4-acre property containing a 45,015-square-foot industrial building sold for $14.15 million. The site at 9200 N.W. 58th St. last traded for $950,000 in 1989.
There’s a shortage of parking spaces for trucks, heavy equipment and RVs in Miami-Dade as development has intensified throughout the county. This has increased the value of auto storage facilities with amenities for vehicle fuel and service.