Republican-led states across the American South are experiencing a surge in economic growth, industrial investment, and population gains. Attracted by lower taxes, lighter regulation, affordable housing, and faster permitting processes, companies are increasingly relocating operations from high-cost states such as California and New York to states like Texas, Florida, Georgia, and South Carolina.
The San Francisco–based industrial giant has submitted both a pre-application and a site plan for submerged portions of two properties located at 6701 N.W. 7th St. and 6505 Blue Lagoon Drive.
According to Colliers, industrial and logistics assets accounted for 47% of global real estate fundraising during the quarter, a sharp increase from 16% in 2025. The surge underscores investors’ continued confidence in the sector and the substantial amount of capital targeting industrial properties worldwide.
Valued at nearly $29.3 million, the development is designed to function as a distribution and logistics hub with convenient access to Miami’s major transportation corridors.
Buildings that support automated maintenance, real-time monitoring, and advanced energy management are gaining an advantage, while those that cannot are at risk of becoming functionally obsolete, The result is a fundamental shift in how industrial assets are evaluated, leased, and valued.