Much of the new sublease inventory for Miami industrial industrial space is coming from companies tied to the housing industry, including furniture, appliance and building-material suppliers.
Terreno Realty’s shares have performed well but still appear modestly undervalued—by roughly 7%—suggesting that while the landfill-to-logistics strategy adds credibility to the story, its long-term value will depend on consistent execution rather than any single completed building.
The program provides up to a 50 percent reimbursement for exterior improvements, with a maximum award of $10,000 per project. Businesses and commercial property owners located within the Doral Décor District, as well as Homeowner Associations (HOAs), are eligible to apply.
The project, known as Miami 105 Logistics at Flagler Station, is scheduled for completion in the third quarter of 2026. The approved plans call for a 97,000-square-foot warehouse featuring 32-foot clear heights.