A concept called the Rule of 1.5 finds that transportation issues impact real estate 1.5 years later. In other words, the concerns specific to the supply chain sector today, will be addressed by industrial real estate over the next 18 months with every year having a new wrinkle.
Anticipated to be completed in June 2024, this new roadway will significantly improve accessibility across the city and provide direct access to Bridge Industrial’s newest state-of-the-art South Florida logistics park: Bridge Point Doral.
In the next couple of months, the cultural arts center is planning to host the city’s 20th anniversary commemorative reception on Aug. 24, which will feature a historical exhibit showcasing Doral’s history and evolution.
Considered one of the most sought-after areas in Miami-Dade County, Doral’s commercial and industrial real estate remains strong due to its proximity to Miami International Airport, The whole city is enjoying about 95% commercial real estate occupancy for the second quarter of the year, with some space asking rates at $55 to $65 per square foot.
According to a new report by Airports Council International, MIA was among the busiest in the world for both cargo and passenger traffic last year, The airport ranks 8th in the world and 4th in U.S. for cargo traffic.