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Miami-Dade Among Markets Where Industrial Developers Can’t Keep Up With Demand

Miami-Dade County is among the Top 15 U.S. markets that have lagged behind in building new industrial space to meet demand, according to a recently released report from Newmark Group.

“Pandemic-related labor disruptions” and “community pushback” against industrial development are to blame for the nationwide slowdown in new construction for logistics companies, according to the New York City-based real estate advisory company.
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Seagis Picks Up Doral Industrial Properties For $29M

Seagis Property Group continued its South Florida buying binge by acquiring two Doral industrial properties in separate deals totaling $28.6 million.

The Philadelphia-based industrial real estate firm now owns 113 warehouse properties with more than 6 million square feet of space in South Florida, according to a press release.

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