PortMiami plans to spend a grant from the Trump administration to create a $57 million fumigation facility designed to end a detour that tons of produce currently take on their way from Latin America to Miami grocery stores.
Miami-Dade continues to be propelled by persistent economic growth, bustling port activity, positive investor sentiment and strong leasing, creating a perfect recipe for industrial demand.
Millions of dollars to improve PortMiami is on its way from Washington. The PortMiami project will rebuild aging bays and create new capacity for loading and unloading cargo containers.
The market for industrial property has been booming nationwide, but especially in South Florida, where developable land exists only in a 20-mile-wide strip between the Everglades and the Atlantic Ocean. Experts speaking on a Bisnow panel last week marveled at the growth of the sector, but also warned of “black swans” — unpredictable events with major consequences.
According to the recent Port Tracker report by the National Retail Federation and maritime consultancy Hackett Associates, tariff increases and new tariffs are influencing increased import activity at United States-based retail container ports. CLICK ON THE HEADLINE FOR MORE