Although demand for data centers continues to grow nationwide, Miami-Dade’s industrial real estate market has also seen significant expansion. the property’s proximity to Florida’s Turnpike makes it a strategic location for warehouse development.
The Yardi-owned company forecasts that a significant rise in new construction in 2025 is unlikely and that the focus in the industrial sector will largely be on developing data centers and manufacturing facilities, as demand for these spaces persists.
Artificial intelligence is expected to drive demand for data centers and is giving the world’s largest industrial property company tremendous confidence in future growth. Every time a warehouse is converted to a data center, Prologis pick up $500 a foot of value.