Rising development costs, whether from high land prices or increased construction costs, has led investors to shift away from evaluating sites based on historical lease prices and instead betting on the potential for rent growth that could be spurred by a lack of supply.
Updates and projections for commercial real estate’s hottest sector were discussed at the recently held NAIOP I.CON East industrial real estate conference, with more than 1,200 leaders attending from around North America.
Growing demand for AI chips and global competition fuel unprecedented capital expenditures growth according to a recent report by JLL..
Miami-based Asi Global is developing 125-key Even by IHG-branded property at 2005 Northwest 110th Avenue in Doral.
Even though the industrial sector in many parts of the country is one of the healthier components of the CRE ecosystem, some fear signs of softening. Developers in Miami-Dade, however, appear to have no such concerns.