Blackstone sold the Medley warehouse to Prologis for as part of a larger portfolio deal. Built on an 8.8-acre site in 2013, this is the first time the Pan American North Business Park has sold.
prologis Archives - Miami Airport Warehouses
- 24
May - 0
- By:ADMIN
Prologis Anticipates Industrial Rents Will Increase 10% This Year
Some markets are also expected to experience more interim vacancies due to an abundance of speculative space under construction.
- 26
Apr - 0
- By:ADMIN
Prologis Raises Outlook Amid ‘Healthy’ Industrial Property Demand, Rising Warehouse Rents
The San Francisco-based REIT reported 98% occupancy in its massive global portfolio in the first three months of the year — a slight increase from the same time in 2022 — as e-commerce spending picked up and helped drive leasing of warehouses.
- 28
Mar - 0
- By:ADMIN
Slowdown In Warehouse Construction Will Keep Rents On The Rise
The temporary downturn will slow the rise in warehouse rates, but won’t send them into decline, as has happened in transport modes, according to analysts. They project the vacancy rate to creep up to 6% by the end of 2024, still tight by historical standards, and it should keep pushing pricing higher. CLICK ON THE HEADLINE FOR MORE
- 25
Jan - 0
- By:ADMIN
South Florida Industrial Market Softens, Rents Rise Again In Fourth Quarter
South Florida’s industrial market slowed down slightly in the final quarter of last year, as vacancies inched up while asking rents rose again. The tri-county region posted a 4 percent vacancy rate compared to 3.4 percent during the same period of the previous year, according to a recent Newmark report. And leasing activity across Miami-Dade,
