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.
Driven by ongoing population growth, low costs, strategic infrastructure access, and a favorable business operation environment, industrial vacancy rates remain below pre-pandemic averages, and rental rates continue to rise in key markets in the Southeast U.S.
Panattoni Development Co. plans to demolish the existing structure and build two industrial buildings totaling 153,654 square feet, along with 171 parking spaces. The proposed buildings will each cover 76,827 square feet and feature a 36-foot clear height.
The world’s largest industrial developer and landlord announced a spike in warehouse leasing activity following the U.S. November election, which has improved the company’s outlook for warehouse demand in 2025.
Florida’s industrial sector is poised for continued expansion, offering attractive prospects for investors, developers and businesses alike.