According to Newmark’s National Industrial Market Conditions and Trends Report, there will be continued resilience but on a muted scale for industrial assets in 2024. Unpredictability in the global supply chain will drive long-term demand for industrial space due to the need for diversified sourcing and ports of entry,
A desire to bring manufacturing closer to the consumer, recent federal funding initiatives, as well as access to a skilled workforce and reliable power among other advantages have converged to spur growth in construction of U.S. manufacturing facilities.
Florida has 16 ports, including the 10 that handle cargo. The just released annual Seaport Mission Plan by the Florida Ports Council outlines more than $5 billion in capital improvements projects over the next five years focused on dock rehabilitation, port capacity and congestion relief.
In clearing approximately 25 acres, Codina Partners will use the former Koger Center site to introduce new residential offerings, including a potential private, gated single-family community, plus a multifamily development.
When you look at industrial pricing, Doral is definitely top of the market, in Southeast Florida, top of the market in Florida and probably top of the market in the entire Southeast.