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 global COVID-19 pandemic thrust industrial real estate into the spotlight as more people shopped from home, creating a seemingly insatiable demand for warehouse and logistics space to store and move the goods they ordered. As a result, rent for industrial properties increased 6.3% in 2022 to $7.03 per square foot, and the market set
Industrial developers would be wise to plan ahead—and carefully—as materials constraints continue to plague the building process and elongate delivery timelines. But what is the one thing they shouldn’t do? Delay construction.
The first phase of the Class A distribution park is Building F, which will be 147,768 square feet, with units available from 17,280 square feet and up. CLICK ON THE HEADLINE FOR MORE
According to a new Avison Young report, demand for warehouse space in Miami has pushed vacancy rates to a record low 2.7 percent in the third quarter, falling 33 basis points year-over-year. CLICK ON THE HEADLINE FOR MORE