Certified by U.S. Customs and Border Protection, bonded warehouses allow importers to delay paying duties until merchandise is sold or moved, which has made them highly sought-after during times of trade uncertainty. However, the surge in demand has nearly exhausted the supply.
Where some big names in CRE see concern over strategic and operational uncertainty over the impact of tariffs and trade tensions, the logistics giant looks for opportunity and remains optimistic, viewing the volatility as a driver of increased warehouse demand.
As demand for North American warehouse space soars, third-party logistics providers find new ways to serve their growing customer bases.
Although IOS is seeing growing demand in line with the broader industrial property boom, it is still a volatile market with demand and rents accelerating faster in upcycles but also performing worse during economic downturns. And one of the reasons IOS tends to suffer disproportionately is the overall weaker tenant profile.
With a demand for reliable trucking services, the Allapattah-based company grew from a single flatbed truck into an enterprise with 180 employees, a large fleet of tractor-trailers, over $10 million in 2016 revenues, and 250 domestic and international clients. CLICK ON THE HEADLINE FOR MORE