Pricing for industrial distribution and warehouse space climbed in many US markets during the past 12 months, as investors continued to focus on markets tied to large population centers, logistics and e-commerce space.
The e-commerce revolution has had a major impact on the design and construction of supply chain facilities. Here are eight ways that these projects have transformed over the past few years.
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.
Dense urban markets where land zoned for industrial is in short supply and property values are at a premium are candidates for vertical warehouse construction, say industrial brokers. CLICK ON THE HEADLINE FOR MORE
Purchasing another 17 acres, Codina’s Beacon Logistics Park assemblage now totals 72 acres to build 1.3 million square feet of Class A distribution warehouses amid the rising demand in the sector, CLICK ON THE HEADLINE FOR MORE
