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While the economic recovery for the real estate industry has been better than expected since the pandemic, some adaptations and changes to the office, the way consumers shop and even how and where people live will be changed forever.
The price growth in the sector reflects three factors: a pricing bounce, a disproportionate share of well-leased properties in the sales data, and some investor speculation.
While the pandemic is altering the U.S. economy, the changes in store bode well for commercial real estate, according to the chief economist of Moody’s Analytics and founder of Economy.com.
KS Lake Worth submitted a preliminary site plan showcasing a 196,970-square-foot project that would consist of a hotel, medical offices and self-storage.
The land price at 2850 and 2886 Ranch House Road equated to $1.14 million per acre. With close proximity to the airport and downtown West Palm Beach, the site could be ideal for a distribution facility.
Demand, pricing, rents—they all favor the industrial industry right now. But experts in this category do have some juggling to do. Navigating this environment takes skill. With the challenges in mind, GlobeSt selected their annual group of industrial influencers based on the accomplishments and impacts made on the industry.
With dynamics unique to each sector, the recovery of South Florida’s office and industrial markets continued through the first half of 2021,
Truck terminals and transload yards are essential to supply chain efficiencies. Investors are beginning to notice and allocating more of their money to this niche sector.
The Senate is now considering a $3.5 trillion plan that Democrats hope to approve through reconciliation, a process that would not require Republican support. The resolution allows for up to $332 billion for housing and other investments.
Located in Commerce Park in Coral Springs, Amazon’s move to the newly built 250,000 square foot warehouse facility is a strong signal to other large employers and industry leaders of the benefits of the city’s location to the Sawgrass Expressway and connectivity to neighboring communities.
Expected to go before the Palm Beach County Commission in November, a land use amendment was filed for a 6.95-acre site at 9437 S. State Road 7, west of Boynton Beach. The application calls for rezoning it to “industrial,” with only light industrial uses.
Seeking to cash in on the industrial real estate boom, the grocery delivery company will begin developing an undetermined number of fulfillment centers over the next year,
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