The IOS asset type is now reaching a stage of transition that is creating new opportunities to create value for existing owners and new market entrants. Owners can add benefits to their properties such as security, storage yards and other improvements.
The economic analysis of Doral recently presented by Florida International University shows that Doral has an excellent reputation as a safe, modern, and efficient city for business and that the city continues to leverage its strengths.
As evidenced by Prologis Research’s U.S. Industrial Business Indicator, a post-pandemic building boom is coming to an end, with only 46 million square feet of speculative projects breaking ground in Q2. This will leave customers with dwindling options in many locations and size categories.
Miami, Doral included, is somewhat resilient in the face of some of the CRE trends that are taking place on a national scale. The city has faced and surpassed the test of time as it has evolved over the years and maintained its prominence in commercial real estate.
Artificial intelligence is expected to drive demand for data centers and is giving the world’s largest industrial property company tremendous confidence in future growth. Every time a warehouse is converted to a data center, Prologis pick up $500 a foot of value.