The project would be one of the largest industrial developments in Miami-Dade. With vacant industrial land scarce in South Florida, developers are increasingly looking to repurpose man-made lakes despite the high cost.
land scarcity Archives - Miami Airport Warehouses
- 16
Sep - 0
- By:ADMIN
Converting Office To Industrial Space Is Picking Up Steam
Industrial has been the star of all the different sectors coming out of Covid, especially in metropolises that are super high density like South Florida. With a constraint on land, one of the growing trends in CRE is converting vacated office space into industrial use.
- 19
Jun - 0
- By:ADMIN
South Florida’s Industrial Developers Bet On Long-Term Rent Growth
Rising development costs, whether from high land prices or increased construction costs, has led investors to shift away from evaluating sites based on historical lease prices and instead betting on the potential for rent growth that could be spurred by a lack of supply.
- 27
Jun - 0
- By:ADMIN
Rising Rents: Miami’s Industrial Market Leads Nation With Highest Annual Rate Hike: Report
Miami’s industrial market, which includes all of Miami-Dade County, is the nation’s top performer for annual rent growth, according to a JLL report. Year-over-year, the Miami industrial market experienced a 53 percent jump in rent, more than Los Angeles, which had the second highest rent hike at 45 percent, and New York/New Jersey, which had
- 20
Jun - 0
- By:ADMIN
Doubling Up: Ares Pays $62M For Two Hialeah Industrial Buildings Under Construction
Ares Management made a $62 million double play in South Florida’s industrial market, picking up a pair of Hialeah warehouses under construction. An affiliate of the Los Angeles-based global alternative investment manager paid $37 million for a 9.6-acre site at 410 West 104th Street, and $25 million for an adjacent 10.2-acre parcel, according to records.