The industrial sector flourished in 2017.
Real estate research firm Real Capital Analytics (RCA) noted in a recent report that the industrial sector, seeing gains from rising e-commerce sales and the resulting need for industrial facilities, was the only commercial real estate sector last year that saw an increase in transaction activity from January through November.
NREI discussed possible trends to look out for in 2018 with several market observers.
Amazon is expected to open one of the largest warehouses in the county at the Opa-locka airport, creating a nearly 900,000-square-foot distribution center with 1,000 jobs on the site being developed by the Carrie Meek Foundation and its for-profit partner.
The deal has been talked about for months, but only received official confirmation when Mayor Carlos Gimenez announced it during a televised debate Sunday with challenger Raquel Regalado.