Prologis einforced its leadership in logistics real estate while outlining expansion plans in data center development at the recently held Citi’s Miami Global Property CEO Conference 2026.
The Chicago-based firm plans to replace the 16-acre Corporate Park of Doral at 7775 Northwest 48th Street with two warehouses totaling 268,700 square feet.
A major driver behind the growth for new industrial assets is a “flight to quality,” as companies consolidate operations from aging, smaller facilities into Class A buildings that offer greater clear heights and enhanced power capacity to support automation and robotics.
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.