This year’s South Florida Business Journal’s Structures Awards took place September 21st. The event celebrated those developments, developers and dealmakers whose work has transformed the region. Meet the honorees in the Industrial Category.
South Florida-based entrepreneurs founded Rig Hut to solve the critical needs facing the truck parking industry identified from firsthand experience managing outdoor storage facilities.The platform offers immediate parking spot assignments to drivers and an enhanced suite of management tools to landlords.
South Florida’s industrial properties remain a valuable commodity for landlords and real estate investors as vacancies hover near record lows and rents continue to rise, developers and brokers say. However, with more warehouses being built and businesses less desperate for storage space, the wild days of annual double-digit rent hikes are long gone.
There are emerging niches in the industrial real estate sector that are all primed as significant growth areas. The three most promising are outdoor storage, cold storage and facilities that support electric vehicles.
Telsa will occupy and modify a 5.3-acre lot at 9950 NW 25th St. that has a 78,000-square-foot building already in place. The land use is categorized as industrial commercial and the project is consistent with the city’s Comprehensive Plan and the land Development Code.