Trade between Latin American countries and the United States is shaping South Florida’s industrial market.
The amount of exports and imports traded increased by 9.1% year-over-year in 2018 up to 2.4 million tons, according the 2019 South Florida Industrial Market Outlook report by Houston-based commercial real estate firm Transwestern. Continue reading
Led by Los Angeles with 6.8 million loaded twenty-foot equivalent (TEU) units, U.S. seaports experienced another strong year in 2018. The industrial markets surrounding them also performed well, says Colliers International.
The nine seaports showcased in Colliers’ new report on the sector finished the year with an overall vacancy rate of just 3.4%, well below the national average of 5%.
New sources of demand make the industrial segment the star of commercial real estate, according to Peter Muoio, chief economist and head of research at Ten-X Commercial, the nation’s leading online real estate marketplace.