E-commerce tenants are forcing industrial developers to build warehouses with interior ceilings taller than 30 feet and larger parking lots to accommodate idle tractor trailers and delivery vehicles, according to a panel of experts.
Despite leading economists’ forecast of a coming real estate slowdown, the demand for industrial space remains strong.
Competition is fierce as investors seek to capitalize on the growth of online retail and the resulting demand for “last mile” distribution centers, snapping up the dwindling supply of industrial properties, while others get creative with adaptive reuse projects.
However, industrial acquisitions, and distribution centers, present a specific set of challenges. Proper site selection and due diligence can go a long way towards protecting your investment.
After several years of strong absorption in leasing and robust sales volume, there’s no question that Miami’s industrial real estate market is the desired location for national tenants and institutional investors alike.
But many insiders are questioning if sustaining that level of growth is possible and if there are still profitable transactions to be found.