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South Florida’s Industrial Sales Jump To Over $1B In Q3 2019

South Florida’s condo market has slowed down and the housing market is not what it once was, but the industrial sector is as hot as ever.

Investment in South Florida’s industrial real estate market rose 77 percent to $1 billion in the third quarter of 2019 on a yearly basis. The market is booming right now due to an influx of institutional buyers acquiring new properties and land, according to an analysis of Real Capital Analytics data by Avison Young.

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Doral, Florida’s Fastest Growing City, Is Drawing Commercial Real Estate Investors

A single-tenant building occupied by Starbucks is up for grabs in Doral. The retail property hits the market as the inventory of net-lease properties rented by investment-grade corporate guaranteed tenants continues to decrease.

The demand for investment properties in Doral, dubbed the ‘fastest growing big city’ in Florida, has exploded in this real estate cycle fueled largely by foreign investors. Marcus & Millichap real estate investment broker Alex Zylberglait is marketing the building at 7840 Northwest 25th Street. The price tag: $3.86 million.

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