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Small Industrial Tenants Feel Squeezed Out Of Booming Warehouse Market

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Warehouses keep getting larger, catering to retailers like Walmart Inc., The Home Depot Inc. and the biggest industrial user of them all, Inc., that these days frequently take down 1 million square feet or more in a single lease transaction.

But while mammoth distribution hubs or sprawling manufacturing plants tend to be headline-grabbers, small warehouse users — including those needing 100,000 square feet or less — remain the bread and butter of many industrial markets nationally.

And in a warehouse market with constrained inventory, rapid rent escalation and fierce competition, it’s getting tough for small warehouse users to find, and afford, space. Continue reading

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Brookfield Breaks Ground On Miami-Dade Warehouse With $22M Loan

An affiliate of Brookfield Property Group broke ground on a warehouse in the Beacon Lakes business park in west Miami-Dade County after obtaining a $21.89 million construction loan.

Quadreal Finance provided the mortgage to BSREP III Lake Belt Logistics, an affiliate of New York-based Brookfield Property Group. It covers the 7.46-acre site at 12590 N.W. 17th St., at the southwest corner of Northwest 130th Avenue.
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