Many in the cold storage space are using automated storage and retrieval systems to more strategically manage their inventories. The systems can stretch 150 feet in height or approximately 12 stories high.
When you look at industrial pricing, Doral is definitely top of the market, in Southeast Florida, top of the market in Florida and probably top of the market in the entire Southeast.
Prologis anticipates raising $800 million to $1.2 billion from selling properties in 2024 as interest rates and property valuations begin to stabilize in coming months, encouraging buyers and sellers to make more deals.
The sustained e-commerce surge continues to drive a considerable threefold demand for logistics space, requiring both expansive facilities and smaller, localized centers to facilitate speedy last-mile deliveries.
Although demand for industrial space remains strong, rising interest rates and a looming recession has offered some prospective tenants more room to negotiate. Uncertainty about the overall economy is making credit even more important to landlords, and tenants with strong credit will have increased negotiating power – within reason.