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Industrial Real Estate Market Poised For More Growth

The industrial sector has become the “darling” of the commercial real estate market, and experts agree it’s likely to continue that way into 2021.

A panel of real estate and third-party logistics (3PL) professionals talked about the resilience of the warehousing and logistics sector and the resulting demand for space in the months ahead at this week’s Council of Supply Chain Management Professionals’ (CSCMP) EDGE conference.

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Amid Shifting Winds, Industrial Stands Strong In Core Markets

The economic shores are starting to get frothy, with incoming waves like Chinese tariffs and a downturn market threatening to crash on the beach.

Despite this, the 2020 outlook for U.S. industrial real estate remains positive as low vacancy rates and rising rents offer a calming breeze.

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‘A Downturn Is Not Miami’s Biggest Problem,’ Says Developer Armando Codina

South Florida developers tend to hone in on one or two areas they know best, and if you’re talking about Doral, there is no bigger honer than Codina Partners Executive Chairman Armando Codina, who built a master-planned community with schools, a city hall, 5,000 residential units, a Publix and 1M SF of commercial space.

Codina, who will be a speaker at Bisnow‘s upcoming South Florida State of the Market event, shared some of his thoughts on the outlook for Miami‘s commercial real estate market. And while some developers are fretting about a downturn, Codina doesn’t sound too worried.

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