Originally built to power energy-intensive cryptocurrency operations, many mining facilities already have what AI developers need: large secured power allocations, access to low-cost electricity, industrial cooling systems, expansive campuses, and high-bandwidth connectivity potential. However, the conversion is not simple.
Much of the new sublease inventory for Miami industrial industrial space is coming from companies tied to the housing industry, including furniture, appliance and building-material suppliers.
The redevelopment, branded Hazel Doral, will replace the three-story, 109,750-square-foot Westside Plaza II office building with a seven-story multifamily development featuring 380 apartments. Forty percent of the units will be designated as workforce housing to comply with the Live Local Act.
A report from Prologis Research indicates a new industrial real estate cycle is kicking off in 2026. Although rental demand was soft in the first half of 2025, it improved in the back half as trade headwinds cleared and corporations refocused on long-term supply chain needs.
Institutional investors are gravitating toward small-bay assets ahead of a broader industrial recovery, drawn by stronger income visibility, resilient demand, and more straightforward underwriting.