Archives

, , , Posted by on

South Florida’s Land-Constrained Industrial Market Soaring To Record Prices

At its core, South Florida is a narrow strip of land between the ocean and the Everglades. Those geographic constraints keep land prices rising, a phenomenon that is especially noticeable in the industrial sector, where rental rates are setting new records.

Miami’s average industrial asking rents reached an all-time high, $9 per SF, in Q4, according to CBRE, jumping nearly 50% in five years. JLL Managing Director Brian Smith said they have since inched even higher, with rates today around $10.25 per SF.

Continue reading

, , , , , , , , , , Posted by on

Nestlé Waters Takes 257,000 At Airport North Logistics Park

Nestlé Waters North America will be filling up a new warehouse at the Airport North Logistics Park, according to a release.

The company inked a 257,000-square-foot lease at 8501 Northwest 80th Street, representing nearly one third of the space at the 900,000-square-foot, three-building logistics park in northwest Miami-Dade.

Continue reading