Industrial prices are being driven by a boom that began with COVID-19 and a market that has remained strong despite normalizing demand and muted transaction volume due to elevated interest rates.
South Florida is quickly becoming a hot spot for distribution warehouse centers, surpassing activity in the market’s shopping centers and malls. The region’s commercial property management firms have seen industrial and retail sectors essentially merge into one super-sector, as the pandemic ignited the demand for e-commerce and other distribution services this past year.