In one of South Florida’s largest industrial lease agreements so far this year, the shipping company’s renewals include 208,400 square feet at 8001 NW 79th Avenue and 88,584 square feet at 7800–7890 NW 80th Street.
The wholesale distributor of industrial supplies for plumbing, heating and cooling and pools renewed its 40,000-square-foot lease at 8034-8030 and 8050-8054 Northwest 14th Street in Doral.
Industrial real estate has been the one of the most sought-after property types nationally, leading to record low vacancies and increased competition among investors and tenants. When it comes to selecting a market for industrial investment, port markets are emerging as the safe bet for investors to park capital due to the positive rental growth