Pricing for industrial distribution and warehouse space climbed in many US markets during the past 12 months, as investors continued to focus on markets tied to large population centers, logistics and e-commerce space.
In many ways, Miami is a paradise: nice weather, cultural diversity, excellent geographical location, low taxes, quality education, and many opportunities for businesses.
With these features, Forbes Magazine described Miami in a recent report in which the city stands out as the best place to create new businesses.
Does this recognition make Miami is a good destination for investors? Is this a good time to invest? The short answer to these two questions is: it depends on the industry in which you want to invest, how you want to do it, and in what areas.
A residential boom over the past few years — the population rose by 26.1% from 2010 to 2016 — has also boosted the office sector. CREC Senior Vice President Doug Okun, who supervises leasing at Lennar Corporate Center, said there is a 91% occupancy rate in the city, and that space in a Class-A building can fetch $40/SF.