It was a strong year for industrial leases in South Florida, with the largest — for a Home Depot distribution center in Hialeah — topping 1 million square feet.
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
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
Those perishable pharmaceuticals, fresh holiday flowers and frozen Thanksgiving turkeys are getting some new places to roost. In the next few years, more than 400,000 square feet of cold storage is coming to South Florida. That’s still far less than the 1.5 million total square-footage of industrial warehouse space in the pipeline, according to the
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.
