Amazon is planning to sublease some of its warehouse space now that the pandemic-fueled surge in online shopping, which helped the e-commerce giant rake in soaring profits in the past two years, has eased.
Developers wanting to expand the Urban Development Boundary for the first time since 2013 fell short on support with the Miami-Dade County Commission on Thursday, May 19th, securing a last-minute delay on a vote to turn 800 acres of farmland into a warehouse complex in an area environmental groups want protected. A lengthy meeting on
Prologis said unprecedented “pent-up” demand for warehouse space due to e-commerce growth and inventory restocking will continue to outpace supply and new construction, holding industrial vacancy rates in 2022 at a record-low 3.3%.
Marc Vayn, founder and chairman of American Technologies Network (ATN) Corp., said in just two years his company has expanded its presence in Doral from a small satellite office into a 35,000-square-foot facility at 2400 N.W. 95th Ave. And that growth hasn’t stopped. Vayn said ATN Corp. will lease another 14,000-square-foot space next year to
Seagis Property Group LP (“Seagis”), one of South Florida’s most active industrial real estate investors and owners, closed on a two-property industrial real estate portfolio located in Medley. Both properties were sold by Cemex USA, a global building materials company. Located at 10900 NW 138th Street, the first property is a seven-acre site, home to
