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DO&CO Secures Lease For 209,600-Square-Foot Warehouse Near Miami International Airport

An Austrian company that specializes in catering for airlines, sporting events, festivals and private parties has leased 209,600 square feet of warehouse space near Miami International Airport.

Vienna-based DO&CO will move into the circa-1969 space at 3401 N.W. 72nd Ave. on Jan.1, said Ricardo Du Pond, a tenant representative broker with Fortune International Realty.
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How Prologis Calculated That Industrial Rents Will Rise 22% This Year

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Prologis Research has issued an updated industrial outlook for 2022 that increases its industrial rent-growth forecast for this year to 22%.

Prologis said unprecedented “pent-up” demand for warehouse space due to e-commerce growth and inventory restocking will continue to outpace supply and new construction, holding industrial vacancy rates in 2022 at a record-low 3.3%.

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What’s The Opportunity For Office To Industrial Conversions?

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The good news in office space: occupancy has been on the rise. But any CRE professional watching the markets knows about the shoe that next drops—it’s going to take a good amount of time—11 quarters, according to Costar and the National Association of Realtors—for things to get back to normal and all the space to be absorbed. If it ever all is.

That leaves property owners and operators wondering what will eventually happen and how many workers will be dragged into traditional office space.

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