Considered one of the most sought-after areas in Miami-Dade County, Doral’s commercial and industrial real estate remains strong due to its proximity to Miami International Airport, The whole city is enjoying about 95% commercial real estate occupancy for the second quarter of the year, with some space asking rates at $55 to $65 per square foot.
A new method developed by NAIOP of ranking industrial markets in both sales volume and volatility claims to offer new insight into risks that may help investors and developers create better strategies around market entry and exit.
Despite headwinds, this soaring niche continues to attract an increasing number of investors. Industry experts expect substantial growth to continue, driven by increasing demand and need for temperature-controlled storage and transportation of food, pharmaceuticals and chemicals.
The developer behind the MIA Transport Hub application with the county seeks a comprehensive development master plan (CDMP) amendment changing the zoning from “open land” to “terminal” for the property on the north side of Southwest Eighth Street, just west of Southwest 137th Avenue.
This additional land for in Medley will be utilized for the fifth phase of First Park Miami.