Many in the cold storage space are using automated storage and retrieval systems to more strategically manage their inventories. The systems can stretch 150 feet in height or approximately 12 stories high.
Adding a Miami-area warehouse gives Tatuaje the opportunity to fulfill orders and optimize shipping costs and times for its retailers. The facility is just for Tatuaje products now but the company is considering shipping brands outside this portfolio in the future.
Maersk extended its air freight operations footprint in April with the launch of a full-service, in-transit gateway solution in Miami. The new gateway will focus on transhipping European and Asian goods via Miami to Latin America, offering competitive freighter and passenger capacity.
Amid a surge in industrial development in northern Miami-Dade County, East Capital Partners broke ground on a spec warehouse at 16300 N.W. 97th Ave in Hialeah. The developer acquired the mostly vacant property for $12.95 million in 2022 after filing for rezoning earlier that year.
Even though a spate of new construction in 2023 brought a record 413 million SF of industrial space to market, it is expected that abundant supply will be short-lived. The most active occupiers of the space were general retailers and wholesalers, which accounted for 36% of all lease transactions.