South Florida-based entrepreneurs founded Rig Hut to solve the critical needs facing the truck parking industry identified from firsthand experience managing outdoor storage facilities.The platform offers immediate parking spot assignments to drivers and an enhanced suite of management tools to landlords.
South Florida’s industrial properties remain a valuable commodity for landlords and real estate investors as vacancies hover near record lows and rents continue to rise, developers and brokers say. However, with more warehouses being built and businesses less desperate for storage space, the wild days of annual double-digit rent hikes are long gone.
The global forces affecting logistics real estate include less volatility, consumer service levels fueling demand and contracting new building deliveries.
There are emerging niches in the industrial real estate sector that are all primed as significant growth areas. The three most promising are outdoor storage, cold storage and facilities that support electric vehicles.
A new report by Colliers says the industrial market will, in short, remain in landlord’s territory, Prologis agrees by recently saying the competition for industrial space will increase in 2024.