IOS has rapidly become one of commercial real estate’s hottest asset classes as a flood of new money has sent prices sky-high. But investors looking to enter the space may crash on the rocks of an industry that is trickier — and less like the rest of the industrial market — than first meets the eye, and the talent pool of people with expertise in navigating the hazards is limited.
The 21,890-square-foot building is located in Westport Corporate Park.
To arrive at the forecasts, NAIOP’s statistical model takes into account such factors as lagged net absorption, real gross domestic product growth, inflation and output gaps, monetary policy, and seasonal effects.
More than a dozen Doral-area residents took their turns to express concern both about long-term health effects of the incident and how the commission was going to fix it.
The 16.8-acre property, which has housed Ryder’s 248,989-square-foot headquarters office building since 2005, was sold for $42.1 million.