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.
The decision marks the latest chapter in the controversial proposal for the 5.9 million-square-foot South Dade Logistics and Technology District on the southeast corner of the Florida Turnpike and Southwest 122nd Avenue in an unincorporated area of southeast Miami-Dade.
The CoStar Group, pinpoints mid-2025 as when US industrial net absorption will pick up notably. Some tenants will seek to take advantage of a softer rental market to expand their footprint this year.