According to a new Colliers International South Florida report, vacancy rates held steady in Miami-Dade County and rose marginally in Broward and Palm Beach counties. CLICK ON THE HEADLINE FOR MORE
Once a niche play in the industrial sector, cold-storage warehouse space is on a growth track. The habits of U.S. consumers, who will order more food online in the coming years, is spurring the growth. A recent report by CBRE estimates there will be demand for as much as 100M SF of new cold-storage space
More than 3.4 million square feet of industrial and flex space is currently under construction in Miami-Dade County, and an additional 50 million square feet of industrial space will need to be constructed over the next five years to meet the region’s population growth, according to research from Colliers International South Florida.
The opening of the gigantic Opa-locka fulfillment center is a culmination of almost a decade’s worth of deal-making and the capstone to one of the largest single job-creation projects in the history of Miami-Dade. CLICK ON THE HEADLINE FOR MORE
Miller Construction is underway with the simultaneous build of three warehouse/distribution buildings totaling 415,460 square feet at Miami Axis Park, for developer Lincoln Property Company.
