After a period of rising vacancies and subdued rent growth, the world’s largest warehouse owner and developer expects to ramp up property acquisitions in the coming months in a bet that industrial real estate demand will accelerate next year.
The national industrial vacancy rate has climbed by 30 basis points during the third quarter to reach 6.4%, according to Cushman & Wakefield’s latest industrial segment research.
Centrum Doral Owner LLC, an affiliate of Miami-based Banyan Street Capital, will go before the City Council, seeking to amend the master development plan for the Doral Gateway site.