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Lack Of Land Has Industrial Developers Looking To Take Over Florida’s Golf Courses, Lakes And The Everglades

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As senior vice president for Duke Realty, Stephanie Rodriguez oversees a portfolio of industrial properties in South and Central Florida, a geography with limited space and shrinking new development options.

“We’re all fighting over the same pieces of dirt,” Rodriguez said during a May 12 Bisnow South Florida Industrial Update event. “Industrial is the darling of the real estate market right now.”

New players are moving in to compete with the five or so firms that have controlled the market for decades.

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Investor Lines Are Blurring With Smaller Properties

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Lines are starting to blur with small properties.

Investors that typically make small buys are starting to buy larger properties. And, some investors specializing in large assets are looking at smaller deals in the most popular property types, according to a new report from Green Street’s Real Estate Alert.

 

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Report: Industrial Looks Like A Smart Play In The Current Environment

As national stay-at-home orders have shifted much of the economy toward a delivery model, the negative implications have been broadly felt, extending in the commercial real estate arena.

However, Marcus & Millichap says industrial appears to be an exception to the rule.

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