Prologis said unprecedented “pent-up” demand for warehouse space due to e-commerce growth and inventory restocking will continue to outpace supply and new construction, holding industrial vacancy rates in 2022 at a record-low 3.3%.
Marc Vayn, founder and chairman of American Technologies Network (ATN) Corp., said in just two years his company has expanded its presence in Doral from a small satellite office into a 35,000-square-foot facility at 2400 N.W. 95th Ave. And that growth hasn’t stopped. Vayn said ATN Corp. will lease another 14,000-square-foot space next year to
Miami real estate development duo Jose Hevia and Stephen Blumenthal are not afraid of taking risks, let alone catching heat. While developers’ proposals often anger residents who are fearful of traffic congestion and the loss of green space, Hevia and Blumenthal’s plan is so controversial, it’s on a scale that Miami-Dade County has not seen
South Florida industrial landlords experienced more bountiful returns on their investments during the first quarter, according to a recently released report. In Miami-Dade, demand consistently outpaced supply, even as industrial developers added about 11 million square feet of new warehouse space in the past three years, the JLL report found. During the same time period, Miami-Dade’s
Warehouses keep getting larger, catering to retailers like Walmart Inc., The Home Depot Inc. and the biggest industrial user of them all, Amazon.com Inc., that these days frequently take down 1 million square feet or more in a single lease transaction. But while mammoth distribution hubs or sprawling manufacturing plants tend to be headline-grabbers, small
