Industrial rents continued to climb in the third quarter, as leasing soared in Miami-Dade and Broward counties, according to a recently released report.
Bridge Industrial has the largest undeveloped tract of land in Doral under contract and plans an industrial park there.
Bridge Industrial Acquisition, an affiliate of Chicago-based Bridge Industrial, formerly called Bridge Development Partners, filed a municipal pre-application with Miami-Dade County for the 175.2-acre site at the southwest corner of Northwest 107th Avenue and Northwest 41st Street. It has it under contract from longtime owners Claudia Lemon Cook and Charles B. Lemon in Winter Park.
Over the last few years, bolstered by an unprecedented boom in e-commerce and retail sales, the industrial sector has posted historically high demand and supply growth.
And that’s led some analysts to question how long the ride can last for the sector that’s relatively unaccustomed to such a meteoric rise. In short, some are wondering whether the current boom is a bubble or something more sustainable.