After four consecutive quarters of decline, the Miami-Dade industrial market showed signs of stabilization, recording 239,864 square feet of positive net absorption.
Although demand for data centers continues to grow nationwide, Miami-Dade’s industrial real estate market has also seen significant expansion. the property’s proximity to Florida’s Turnpike makes it a strategic location for warehouse development.
The Teacher Retirement System of Texas has already pledged $225 million toward the fund. The strategy will focus on acquiring logistics assets in primary, gateway, and select secondary markets where supply is limited and current in-place rents are below market rates.