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Miami Airport Reaches High For Cargo Capacity

Miami International Airport (MIA) is adopting a vertical approach to meeting air cargo capacity demand as it contends with limited space.

The airport’s “Vertically Integrated Cargo Community” project envisions a five-story storage warehouse which is expected to more than double its current cargo capacity.

Expected to break ground next year, the estimated five-year project will add approximately 4.5 million tons of cargo capacity to the 3 million tons of existing capacity, says Jimmy Nares, section chief – marketing at  Miami-Dade Aviation Department (MDAD), which operates MIA. Being a 24/7 airport without slot restrictions helps with capacity management, but the project, which has secured planning permission, is crucial to the future growth of the airport.
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Trends That Will Shape Industrial Real Estate In 2023

The industrial sector remained one of the strongest commercial real estate performers in 2022, despite rising interest rates and ballooning inflation.

Onshoring efforts, coupled with a continuation of last year’s e-commerce boom, have only added to the already sky-high demand for industrial real estate. But in the second half of 2022, the industrial market began to show signs of tempering fundamentals.
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Industrial Real Estate Demand Strong Heading Toward Final Months Of Tumultuous Year

The nation’s industrial real estate market is headed toward the closing months of 2022 with strong demand overcoming uncertainty about the course of the global economy.

Leasing of logistics, manufacturing and warehouse properties has been hitting records during the third quarter as businesses and investors also build and buy industrial properties at near-record levels, analysts and brokers told CoStar News. That comes as they describe heading into a fourth quarter beset by uncertainty as the prospect of a recession looms, interest rates are expected to bump up further and the pandemic grinds on.
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