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.
With cold storage warehouse space in the US jammed to capacity from coast to coast, the pace of temperature-controlled industrial warehouse acquisitions, expansions and new facilities will accelerate in 2022. The demand for freezer space at cold storage warehouses may soon exceed their capacity as US consumers who have gotten used to purchasing groceries online
A Houston-based alcoholic beverage distributor and importer will hire more people in South Florida after moving into a warehouse facility that’s more than twice its previous location’s size.
Seagis Property Group LP (“Seagis”), one of South Florida’s most active industrial real estate owners and investors, continues its expansion across South Florida with its latest acquisition. The company announced it closed on a 5.75-acre development site located adjacent to Seagis’ Transal Park facility, which spans 113,000 square feet and is located at 8305 NW
Industrial real estate acquirer, owner and operator Terreno Realty Corp. has acquired an industrial property in Hialeah for $73.2 million, net of free-rent credits. The property comprises two recently-developed rear-load industrial distribution buildings, which total 407,000 square feet.