Labrador Construction acquired a warehouse in Doral for $15 million. The price equated to $243 per square foot. It last traded for $9 million in 2015. The increase in value demonstrates the strong demand for industrial space in Miami-Dade County.
The economy is in dire need of restructuring in Florida, and according to experts with the Florida International University of Miami, manufacturing will be key in building resilience in 2021 and onwards. This is not the dirty manufacturing of old, however. Using new technology and tools, exciting new industrial developments and manufacturing businesses will be able to
Miami-based COFE Properties sold its industrial portfolio in Hialeah for a combined $52 million. The buyer was a fund managed by Boston-based TA Realty, which previously owned most of this property.
A former Miami golf course turned into an industrial park. A Hollywood warehouse chopped up into six smaller offerings. And a bidding war over industrial space in East Hialeah. Commercial brokers recount these tales in South Florida, a market with high demand for warehouses but not enough industrial-zoned land for new development. Industrial experts must turn to
A strong performance in the South Florida industrial sector during Covid-19 didn’t fully translate to new milestones in the market’s top sales. The largest industrial sale of 2020, valued at $94 million, still fell below the biggest deals of 2019 and 2018, of $178 million and $180 million, respectively, according to an analysis by The
