Large warehouse breaks ground in Miami’s Allapattah
Longpoint Realty Partners and Vivo Real Estate Group recently broke ground on a 107,632-square-foot cold storage warehouse in Miami’s Allapattah neighborhood at 2260 N.W. 27th Ave. Called Point 27th, the warehouse facility is projected to be finished early next year. It will include high-efficiency refrigeration systems, a glycol system, 37 dock-height doors, two ramps, 35-foot clear ceilings, […]
Census: City Of Miami Population Grew Last Year By 1.3%
Miami’s population grew last year, according to newly released Census Bureau data. As of July 1, 2023, the City of Miami’s estimated population stood at 455,924. That is an increase from the estimate of 450,014 residents on the same date in 2022. According to an Axios analysis, Miami’s 1.31% growth rate in 2023 was one of […]
The new hot property in Miami? Warehouse demand hits an all-time high — and here’s why
Miami-Dade County’s warehouses are going as fast as croquetas and cafecito on a cold day. Tenants — picture e-commerce, importers, fruit and beverage companies — are having a hard time finding storage space in Miami-Dade to rent with the 1.6% vacancy rate an all-time low, according to the JLL fourth quarter 2023 Miami Industrial report […]
Miami-Dade wages soar far faster than nation’s
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 gain of only 6.6%. As businesses battled to fill open jobs, especially in service occupations, […]
Miami Ranks Among Safest U.S. Cities, Gallup Poll Says
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 far ahead of cities such as New York, Los Angeles, Chicago, or San Francisco. It […]
Miami International Airport soars toward record 52 million passengers
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 first six months of 2022. Traffic rebounded post-covid last year to a record-breaking 50,684,396 passengers, […]
Commercial real estate booms near Miami International Airport
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 a vacancy of 3.9% and an average asking rate of $50.27 per square foot for […]
Miami International Airport to get one new hotel, not two
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 supposed to be “expedited,” on the fast track, when it was first proposed. That was […]
RE Development: 3 Fla. Cities in U.S. Top 20
Census data shows the last decade’s most active development is in the Sun Belt. Texas holds top spots with Jacksonville (7), Orlando (11) and Tampa (15) close behind. ORLANDO, Fla. – A study of real estate development based on U.S. Census Bureau data covering the last decade finds Texas cities in the top five spots, […]
Second phase of logistics development in Opa-locka to add hundreds of jobs
Construction on the second phase of a massive logistics development in Opa-Locka is expected to break ground later this year, bringing tenants in a variety of industries and more jobs paying above minimum wage as the city’s warehouse capacity continues to expand. Ironwood Commerce Center II will sit on 740,000 square feet of property where […]
