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As Records Fall, South Florida Industrial CRE Lures Institutional Capital To Local Projects

Last year, Miami added nearly 10,000 jobs in logistics alone — more than double the number added in any previous year and almost half the number created across the state according to Transwestern’s most recent market reports.

Miami’s industrial vacancy rate has been below 5% since 2015, and even with new product having come online, it is still just 4.5%, with activity strongest in North Miami Beach, the Miami Airport area and Medley. The last quarter of 2018 saw the industrial market absorb nearly 1.2M SF, the strongest single-quarter performance in four years.

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Bridge Completes $80 Million Sale To Duke For 700,000 SF Of Industrial Assets

Bridge Development Partners, one of South Florida’s most active industrial real estate developers, today announced the disposition of three Class-A, industrial buildings totaling 676,835 square feet—Bridge Point Crossroads East and South located in Hialeah Gardens.

CBRE’s Capital Markets team including Chris Riley, Vice Chairman in Atlanta; Christian Lee, Vice Chairman in Miami; and José Antonio Lobón, Senior Vice President in Miami represented Bridge Development in the sale to Duke Realty Corp.

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