Industrial developers would be wise to plan ahead—and carefully—as materials constraints continue to plague the building process and elongate delivery timelines. But what is the one thing they shouldn’t do? Delay construction.
A vacant property in Hialeah is under contract to a developer who wants to rezone it for a distribution warehouse. The developer wants to change the land use to “industrial” to construct a 172,260-square-foot distribution warehouse.
Any hope, faint as it might have been, that industrial supply would start to catch up with demand this year should be already dashed by now. The National Association of Realtors reported data through March 4, finding that industrial supply continues to lag demand. Namely, as of the beginning of this month, the vacancy rate
Foundry Commercial has proposed a distribution warehouse at Miami-Opa Locka Executive Airport, where the developer already completed a massive Amazon.com fulfillment center a few years ago. The Orlando-based developer filed a pre-application with Miami-Dade County for the 5.07-acre site near 14501 N.W. 57th Ave., on the west side of the airport. Foundry Commercial holds a
The record-breaking pace of the U.S. industrial sector is not expected to let up in 2022. Rents, already at sky-high levels, are slated to jump another 10% this year, according to a report from one of the country’s largest industrial landlords.
