Archives

, , , , , , , , Posted by on

Why Ships With Fresh Fruit Skip Miami’s Port, And The $57 Million Plan To Change That

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.

Continue reading

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

Industrial Outlook For 2020-2021 Remains Strong

Aided by strong supply, consumer spending and other economic indicators, the North American industrial sector is projected to remain one of the leading commercial real estate product types over the next two years, according to Cushman & Wakefield.

The firm’s forecast for industrial absorption for 2020-2021 is nearly 460 million square feet, as new supply finally surpasses demand. The 2020 North American Industrial Outlook expects supply levels to reach 573.4 million square feet from 2020 to 2021, but notes vacancy will still remain at about 5 percent. It should end 2021 at about 5.2 percent, up 60 basis points from year-end 2019. The report also projects asking rents to increase by 6.8 percent and reach $6.95 per square foot by the end of 2021, up from $6.51 per square foot in 2019.

Continue reading

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

Industrial’s Hot Streak Projected To Hold

New numbers have confirmed that 2019 was a monumental year for industrial real estate, with total volume soaring to a record high of $102B, JLL reports.

That propulsion is expected to carry into 2020. JLL predicts industrial volumes in 2020 will continue to boom, with large-scale portfolio deal flows that are slated to finish during the first two quarters of 2020.

Continue reading