Miami Leads the Nation in Industrial Rent Growth: A Booming Opportunity for Investors
Miami is at the forefront of the industrial real estate market, with rents growing by 11% year-over-year—the fastest rate in the country. This is why Miami leads the nation in industrial rent growth: a booming opportunity for investors. This trend highlights Miami’s strength as a logistics hub and its rising importance in the national industrial […]
Holiday Shopping Trends Highlight E-Commerce Boom and Demand for Warehousing in Miami
The 2024 holiday shopping season shattered records for e-commerce, with online sales surging 14.6% compared to last year. While brick-and-mortar stores saw only modest growth, the rise of online shopping has cemented its dominance in the retail landscape. For businesses, this shift underscores the importance of efficient logistics operations, particularly during peak shopping seasons. At […]
Northwood buys fully leased portfolio of Sun Belt industrial properties
Northwood Investors has acquired a collection of industrial assets totaling 1.8 million square feet across Georgia, Florida and Texas for $160 million. JLL Capital Markets represented the seller of the fully leased Sun Belt Logistics Distribution Portfolio. The brokerage firm also secured the acquisition financing from Apollo affiliates. The portfolio comprises three industrial buildings in premier […]
Doral’s new park has a fishing pier, kayak launch and skate park.
After six years of construction, a new 78-acre park has opened in Doral, making it the city’s largest recreational space. During a grand opening this week, hundreds of residents visited the park for the first time. They explored amenities that include a skate park, a fishing pier and a kayak launch. Situated near the U.S. […]
How Robotics and AI Are Transforming Industrial Development
Artificial intelligence (AI) and robotics are changing industrial real estate faster than ever before. What once seemed like future technology is now becoming part of everyday warehouse operations. From automated storage systems to AI-powered inventory tracking, businesses are investing in smarter ways to improve efficiency and meet growing customer demand. As technology continues to evolve, industrial property owners, […]
Prologis Pays $55M For Verizon Subsidiary HQ Near Doral With Plans For Industrial Redevelopment.
Prologis Expands Its Industrial Portfolio Near Doral Prologis has purchased a Verizon subsidiary’s headquarters near Doral for $54.5 million. The company plans to redevelop the property into a modern industrial facility, further expanding its presence in one of South Florida’s strongest logistics markets. The San Francisco-based real estate investment trust acquired the property at 9700 […]
South Florida Commercial Real Estate Performance Summary
Over the last year, the South Florida commercial real estate market has remained resilient despite the wider economic slowdown. Still, moderate demand across property types has slowed rent gains, while new construction has widened space availabilities, particularly in the multifamily and big-box industrial segments. The most significant change from our prior update has been the marked slowdown […]
Cooling Inflation Boosts September Rate Cut Odds
Inflation declined to 2.5% in June, supporting the Fed’s potential September interest rate cuts and hinting at a “soft landing” for the economy. WASHINGTON — The Federal Reserve’s favored inflation measure remained low last month, bolstering evidence that price pressures are steadily cooling and setting the stage for the Fed to begin cutting interest rates […]
Miami Dade announces plans to build airport cargo facility
Miami’s major airport is getting an upgrade with a new building. This is expected to help meet the airport’s growing international commerce demands. The Miami-Dade County Commission approved a lease agreement with Miami Gateway Partners, LLC, to build a four-storey cargo facility. This would increase Miami International Airport’s storage capacity by 2 million tons. As a result, […]
Prologis Raises Outlook in Bet on Warehouse, Data Center Demand
Prologis warehouse demand showed signs of improvement in the second quarter as leasing activity increased. In fact, Prologis raises outlook in bet on warehouse as part of its positive results this quarter, reflecting broader market conditions where Prologis Raises Outlook demand Warehouse interest is evident. The company raised its full-year financial outlook as well. The […]