A former Miami golf course turned into an industrial park. A Hollywood warehouse chopped up into six smaller offerings. And a bidding war over industrial space in East Hialeah.
Commercial brokers recount these tales in South Florida, a market with high demand for warehouses but not enough industrial-zoned land for new development. Industrial experts must turn to creative problem solving, as a reluctance to visit brick-and-mortar stores has led to a boom in online shopping and a burgeoning need to store appliances, food and other goods. Continue reading
Amid this prolonged uncertainty, everyone agrees that the pandemic’s impacts are yet to be fully seen.
Nine months in, the health crisis is about to trigger a global economic crisis, and real estate sectors are reacting differently—some trends, that were already underway, are accentuated, while others are disrupted completely from their original course. One of the winning industries in COVID-19 times is industrial.
Right now, there are nearly 400 vaccines for Covid-19 in development. When some of those are approved for widespread use, they’ll need to be stored and distributed from temperature-controlled spaces.
Companies are already lining up giant cold storage facilities, also known as freezer farms, to securely store millions of vials of a vaccine, according to a new report from JLL.