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.
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.