A warehouse in Hialeah could be rezoned to spur multifamily development near a public transit station. The 8.27-acre site at 1101 East 33rd St. has a 159,000-square-foot warehouse constructed in 1956. It’s seven blocks north of the Tri-Rail/Metrorail transfer station, where the regional rail transit connects with Miami-Dade County’s primary public rail system. It’s also
Warehouses in South Florida sold for less this year than in 2018, according to a recent study. But the price per square foot in Miami-Dade was up, indicating a healthy market, say experts. The average sale price for industrial spaces in Miami-Dade, Broward and Palm Beach dipped from $1.9 million in 2018 to $1.6 million
Gyms, cafés and food trucks aren’t just for office buildings and apartments anymore. They’re beginning to show up in warehouses, too.
With retailers today deriving large portions of their business from the internet and looking for ways to cut costs, many tenants are beginning to migrate away from expensive main streets into properties that previously were reserved for industrial uses. Brokers and developers who see this trend say the most likely retailers to make the shift are
South Florida’s condo market has slowed down and the housing market is not what it once was, but the industrial sector is as hot as ever. Investment in South Florida’s industrial real estate market rose 77 percent to $1 billion in the third quarter of 2019 on a yearly basis. The market is booming right