According to a new report, multi-tenant light industrial properties continue to outperform larger warehouse product across nearly every key metric, Demand remains firmly concentrated in the small-bay segment, where tenants prioritize flexibility, infill locations, and operational efficiency.
Cargo volume at MIA surged 13.6% in 2025, reaching nearly 3.5 million tons and making it the busiest freight airport in the Western Hemisphere.
The vote, now scheduled for June 2, marks the latest setback in an ongoing battle over the proposed project to build a new Kelly Tractor headquarters outside the county’s Urban Development Boundary.
The small-bay industrial sector makes up more than half of U.S. industrial inventory, yet attracts less than a quarter of new development. That mismatch has intensified competition, driven up pricing, and squeezed margins, forcing investors to rethink how they create returns.
The freight forwarder has signed a long-term sublease for office space, and, in a separate deal, secured a long-term sublease of 75,000 industrial space.