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‘A Downturn Is Not Miami’s Biggest Problem,’ Says Developer Armando Codina

South Florida developers tend to hone in on one or two areas they know best, and if you’re talking about Doral, there is no bigger honer than Codina Partners Executive Chairman Armando Codina, who built a master-planned community with schools, a city hall, 5,000 residential units, a Publix and 1M SF of commercial space.

Codina, who will be a speaker at Bisnow‘s upcoming South Florida State of the Market event, shared some of his thoughts on the outlook for Miami‘s commercial real estate market. And while some developers are fretting about a downturn, Codina doesn’t sound too worried.

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South Florida Industrial Market Continues Its Evolution

More than 3.4 million square feet of industrial and flex space is currently under construction in Miami-Dade County, and an additional 50 million square feet of industrial space will need to be constructed over the next five years to meet the region’s population growth, according to research from Colliers International South Florida.

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