More than 3.4 million square feet of industrial and flex space is currently under construction in Miami-Dade County, and an additional 50 million square feet of industrial space will need to be constructed over the next five years to meet the region’s population growth, according to research from Colliers International South Florida.
Another example of investors and developers targeting Doral in recent years, investment partners plan to make capital improvements to the two-building, 35,560-square-foot Showplace at Doral and reposition it. CLICK ON THE HEADLINE FOR MORE
The market for industrial property has been booming nationwide, but especially in South Florida, where developable land exists only in a 20-mile-wide strip between the Everglades and the Atlantic Ocean. Experts speaking on a Bisnow panel last week marveled at the growth of the sector, but also warned of “black swans” — unpredictable events with major consequences.
The opening of the gigantic Opa-locka fulfillment center is a culmination of almost a decade’s worth of deal-making and the capstone to one of the largest single job-creation projects in the history of Miami-Dade. CLICK ON THE HEADLINE FOR MORE
In half of the top 10 U.S. logistics warehousing markets, spec vacancy rates are around the national average of 4.4 percent while net asking rent growth is 7.8 percent annually, Those trends are what developers like to see. CLICK ON THE HEADLINE FOR MORE