The cost to develop multistory warehouses continues to be higher than a more traditional industrial box, one reason why taller warehouses are likely to remain a fairly niche part of the market and concentrate in the nation’s densest cities.
The Trump Organization is able to move forward with the Doral International Towers project at the Trump National Doral resort after a land-use amendment application unanimously passed a second city council vote. The item passed even though several residents and the vice mayor expressed concerns over the expansion’s potential impact on traffic.
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.