It was a strong year for industrial leases in South Florida, with the largest — for a Home Depot distribution center in Hialeah — topping 1 million square feet.
Transwestern Commercial Services’ South Florida industrial team represented SPR Global Storage & Logistics (SPR) in a new, long-term lease for an ±80,000-square-foot cold storage facility at the Beacon at 97th Avenue industrial park in Doral at 2000 NW 97th Ave.
Warehouses in South Florida sold for less this year than in 2018, according to a recent study. But the price per square foot in Miami-Dade was up, indicating a healthy market, say experts. The average sale price for industrial spaces in Miami-Dade, Broward and Palm Beach dipped from $1.9 million in 2018 to $1.6 million
Doral will have a new shopping and industrial center, “District 79”, as it will be called. This new development was unanimously approved by the City of Doral Council after taking into consideration that it will bring benefits for the health, safety, economy, and well-being of residents and visitors.
South Florida’s condo market has slowed down and the housing market is not what it once was, but the industrial sector is as hot as ever. Investment in South Florida’s industrial real estate market rose 77 percent to $1 billion in the third quarter of 2019 on a yearly basis. The market is booming right
