Those perishable pharmaceuticals, fresh holiday flowers and frozen Thanksgiving turkeys are getting some new places to roost.
In the next few years, more than 400,000 square feet of cold storage is coming to South Florida. That’s still far less than the 1.5 million total square-footage of industrial warehouse space in the pipeline, according to the CBRE Group.
As incomes have grown in Latin America and the Caribbean over the past decade or so, so too have appetites for many creature comforts we all too often take for granted in the United States. Things like cellphones, education, computers, restaurants and nicer clothing.
Another one is access to better health care… and that’s good news for the pharmaceutical and medical device companies with Latin America headquarters in South Florida.