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.
The estimated $168 million project includes an amphitheater, a community center – double the size of any other in Doral and a water park. The project was partially funded through a $150 million city bond issue passed 2018. It didn’t break ground though until three years later in 2021.
Location, transportation access and available labor are key for all tenants. Beyond that, wishlists will vary depending on what the company makes or distributes. But still, trends can be observed.
Analysts say that declining interest rates will bring investors off the sideline as they face mounting requirements to spend dry powder.