The once-crazed national industrial real estate market is taking a “collective deep breath” and calming down, new data shows. The Federal Reserve’s interest rate hikes the past 18 months have significantly slowed the pace of new construction, normalized the level…
Warehouses and logistics and fulfillment centers are mainstays of the industrial asset class. But there are other subcategories within the sector with strong investment cases that are helping support the broader boom in industrial property. What are the emerging niches…
Wages in Miami-Dade rose far faster than the national average in the year’s first quarter, a new report from the US Bureau of Labor Statistics shows, with an average gain of 9.4% here over first quarter 2022 but a national…
A new Gallup poll shows that Americans now think of Miami as one of the safest cities in the U.S. According to survey, 59% of Americans consider Miami a safe city to live and visit – the 5th highest ranking city, and…
Miami International Airport (MIA) is on pace to handle more than 52 million travelers this year, according to statistics released this week. The airport served 26.2 million passengers during the first six months of 2023, a 2.6% increase over the…
Due to its proximity to Miami International Airport, Doral’s commercial and industrial real estate remains strong, as one of the most sought-after areas in Miami-Dade County. The Doral and airport sector, as of the second quarter of the year, has…
Miami-Dade County Commission Chairman Oliver G. Gilbert III was pushing for two new hotels at Miami International Airport. He got half of what he asked for at Tuesday’s meeting. The quest for a new, upscale hotel at the airport was…
Last September, Hurricane Ian caused widespread damage and destruction to Southwest Florida, with the Cape Coral-Fort Myers metropolitan area taking a direct hit. In the aftermath of the Category 5 hurricane’s 155-mile-per-hour winds, many residents were forced to leave their homes…
Prologis agreed to buy 14M SF of industrial property from Blackstone in a $3.1B all-cash deal aimed at strengthening its position as the world's largest industrial property company. The acquisition of about 70 properties expands Prologis’ real estate portfolios in Atlanta, Washington, D.C.,…
As industrial rents continue to rise in South Florida, investors are looking to buy sites and build warehouse space. The only problem is there's very little land left. Squeezed between the ocean and the Everglades, South Florida’s industrial developers are increasingly…
