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South Florida Industrial & Logistics Update

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South Florida Industrial & Logistics Update

Keeping Up With Demand

THIS EVENT ENDED ON June 27th, 2019

What You'll Learn

1) With the continued proliferation of e-commerce, how are South Florida's developers keeping up with the demand for industrial space? 

2) How are the two largest drivers of economic revenue (over $90 billion impact) - Port of Miami and Miami International Airport - expanding their economic footprint? 

3) What do the supply chain and logistics industries look like over the next 5, 10, and 20 years, and what's the impact on South Florida's industrial market?

4) With competition heating up amongst all CRE developers for land, where are developers looking next to build industrial spaces? Where are cap rates headed for industrial real estate? 

5) How does South Florida's position in a gateway market and as an international trade center affect the industrial market? 

6) What advances in industrial design and facilities, like multistory assets, cold storage and off-dock facilities, are there and how are they affecting the market? 

EVENT HOST

Hillsboro Technology Center, LLC

Events Raw Space

Hillsboro Technology Center (HTC) is a new state-of-the-art business park comprised of Class A industrial distribution, Class A Office space, and a brand-new Fairfield Inn by Marriott hotel. HTC is strategically located to serve the entire Southeast Florida Market and is immediately adjacent to I-95 at Hillsboro Boulevard in Deerfield Beach.  The 74-acre park is situated 1 mile south of Boca Raton, 1 mile from the Publix Southeast Florida Distribution Center, 18 miles North of Port Everglades and Fort Lauderdale-Hollywood International Airport, 35 miles north of Port of Miami and 25 miles South of Palm Beach International Airport.  At completion, HTC will have six distribution buildings, one LEED certified Office building and one on site hotel. Building F is 152,000 Square Feet with 32’ Clear Height in the warehouse. It is fully available.  

Leasing / Office Contacts:

Thomas Hotz, SVP: 561-389-0377 Darcie Lunsford: 954-312-2435

Brian Ahearn, SVP: 954-937-4540 Molly McDonough: 954-312-2412

JC Conte, EVP: 954-389-8001 Sky ButtersCell: 954-464-0402

 

Speakers

  • More Speakers to be Announced

PHOTOS

Agenda

Time Activity
8:00 AM - 9:00 AM
Coffee, Breakfast & Networking
9:00 AM - 9:45 AM
E-Commerce, Logistics and Supply Chain Solutions in SFL
9:45 AM - 10:30 AM
Tenant Demands: Development, Planning, Leasing, Finance, and Design
10:30 AM - 11:00 AM
More Networking!
Coffee, Breakfast & Networking
8:00 AM - 9:00 AM
E-Commerce, Logistics and Supply Chain Solutions in SFL
9:00 AM - 9:45 AM
Tenant Demands: Development, Planning, Leasing, Finance, and Design
9:45 AM - 10:30 AM
More Networking!
10:30 AM - 11:00 AM

Venue/Parking

528 Hillsboro Technology Dr.
Deerfield Beach, FL 33141

Suite 528 is located towards the back of the business park. Make a right at the entrance of Building 400 and it will located on the north side.

Parking Information: Free on-site parking available along the perimeter of the building.

Get Directions

Why This Matters

Thanks to its strong position as a port-proximate market and international trade hub, South Florida has a hot industrial sector with strong fundamentals. According to Beacon Council, 1 in 7 jobs in Miami are related to logistics. Low vacancy rates have been fueled by impressive demand, which begs the question: how and when will developers deliver more supply?

The rise of e-commerce and 3PL (third-party logistics) has also continued to drive demand to fulfill fast deliveries of products. Logistics and distribution centers are being placed closer than ever to population centers and transit hubs. As industrial space moves toward urban centers, developers and builders must be creative with limited space. 

According to NREI, more REITs and landlords are adding value-add and redevelopment projects to their portfolios, as opposed to ground-up development as they compete to satisfy demand for industrial space. Warehouse designs have responded to this need, as all retailers, not just e-commerce companies, compete to occupy last mile space. 

Mark Glagola, senior managing director of Transwestern’s Mid-Atlantic capital markets group, notes that because Amazon and Wal-Mart now offer same-day delivery, there will be even greater demand for last mile distribution space and infill sites to be able to keep more stock in close proximity to consumers. 

Find out what trends like cold storage, e-commerce company relocation, off-dock facilities and multistory warehouses are driving demand in the industrial market. 

Join us to find out all this and more at our South Florida Industrial event! For questions, recommendations, or press inquiries, please email Katya, our Southeast event producer, at katya.demina@bisnow.com