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Miami-Dade Mayor Vetoes Major Urban Development Boundary Expansion

Miami-Dade County Mayor Daniella Levine Cava vetoed a 379-acre expansion of the Urban Development Boundary near Homestead for a major industrial development.

The move could put the brakes on a 5.9 million-square-foot industrial project, one of the largest in the region.
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Conditions Ripe For More Multistory Warehouses In Densely Populated Cities

Multistory warehouses are becoming more common in densely populated metropolitan areas, according to a new report put together by CBRE.

Seattle, San Francisco, New York, Miami, Chicago and Los Angeles are the most favorable markets for this type of industrial development to take place due to the high land prices, dense population and the high concentration of e-commerce shoppers in these markets.

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Newly Released Report: Florida’s Industrial Markets See Increase In Spec Construction

Industrial markets throughout Florida are experiencing a return to pre-recession occupancy levels and rental rates, according to a newly released Cushman & Wakefield report.

Statewide, second quarter rents stood at $7.03, with occupancy at 95.1 percent. Year-to-date, industrial absorption increased to about 3.7 million, according to the report.

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