Amazon. com Inc.’s decision to throttle back on its e-commerce operations threatens to slow the growth of the industrial-space sector, one of the hottest areas of commercial property.
Alpine Fresh has proposed a cold storage facility for produce in Sweetwater. The facility would total 77,000 square feet, with 10,035 square feet of office space on the second floor and the rest of the space dedicated to cold storage. There would be 102 parking spaces and a dozen loading spaces for tractor trailers.
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%.
