The flood of warehouse space in Miami has been met by steady demand for new facilities fueled by positive demographic growth and robust port activity, long-term trends that bode well for future growth.
This warehouse is the fifth building in Beacon Logistics Park that Southeast Commercial has purchased from Codina Partners. In December, it purchased four warehouses from the company,
In March, Commissioner Raquel Regalado asked the county to study either bringing aircraft fuel to the airport by train or constructing fuel facilities at the airport that would be accessible by rail. The Commission’s ongoing conversations with the Florida East Coast Railway is all part of the cargo master plan and reconfiguring of the cargo area to make room for bigger airplanes and better utilize cargo space.
The amount of industrial properties 100,000 square feet or more in size within 30 minutes of ports is at record levels. The reason is economic. Developers wanted to appeal to large companies with strong credit and such companies typically are looking for bigger facilities.
Evolving in recent years, manufacturing facilities, warehouses, and distribution hubs have all been influenced by developments in technology, sustainability, and customer expectations. Take a look at some of the trends that are shaping the industrial property space for 2024 and beyond.