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.
When it comes to the Doral’s commercial market, it has certainly experienced significant growth and development over the past several years. The main driver for that has been the access to highways to Miami International Airport, as well as access to Port of Miami making it an ideal hub when it comes to business.
In 2023, Amazon increased the number of items delivered same day or overnight by nearly 70% year-over-year. The experience was so positive for customers that the online retail giant is planning to double the number of their same-day delivery facilities.