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If youāre like most people, you probably thought Oakland Park was part of Fort Lauderdale. It isnāt. This little city is on the move and couldĀ turn out to be Broward County’s next boomtown by hitting its stride and building itself an impressive skyline.
The demand for industrial product is clearly there but current financial conditions have made decision makers cautious about investing in both assets and additional space. Onshoring, nearshoring and the rise of secondary markets are all factors to fund projects at the moment.
The development, which sits on an 87.8-acre site and will include approximately 1.5 million square feet of rentable space.
Rising rents in South Floridaās industrial market are a continuing trend. Available warehouse space was at a premium in the third quarter, because vacancy rates in the three counties hovered below 4 percent.
Boise Cascade bought the 120,000-square-foot industrial and office property that was the former home of a beer distributor. The property features a 91,120-square-foot climate-controlled warehouse and 20,000 square feet of office space.
The builder Greystar is seeking permission from the city to rezone vacant land and allow the construction of the proposed 385,000-square-foot complex known as Cocomar on the northwest corner of Atlantic Boulevard and Lyons Road. The project is scheduled to be reviewed Thursday, October 26,Ā at the commission meeting.
There is tremendous potential in the future of multistory and urban logistics in both established and emerging logistics markets with Miami included in the established markets.
U.S. manufacturing construction outlays have surged to $196.1 billion as of July. The governmentās initiatives to bolster domestic manufacturing have unleashed a wave of investment that could reshape supply chains during the next decade and create a significant tailwind for the real estate sector.
The Fed has identified CRE as one of the biggest risks to financial stability. Given this economic scenario, Mortgage Professional America reached out to the COO of RREAF Holdings, a private real estate investment firm with more than $5 billion in assets, to learn the strategies they are adopting to mitigate risks and/or capitalize on opportunities.
A 30-story mixed-use complex is just the latest sign of the expansive growth as the downtown lures more businesses and residents.
The BBX Park at Delray logistics facility project is expected to be comprised of three buildings. The initial phase of the project is expected to be construction of an approximately 200,000-square-foot building with plans to construct two additional buildings in the future.
According to a Green Street analysis, out of 20 metros with the highest collective first half year industrial sales, only seven were higher than the same period in 2022, Miami sales increased 25.7% and came in fifth place in dollar volume with $288.2 million and 25 properties.
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