Industrial Roars Back

Other South Florida property types are so sexy, who can spare a thought for industrial? (That's why we couldn't get a prom date.) The investment in infrastructure improvement projects, including the PortMiami dredging and the soon-to-open PortMiami Tunnel, coupled with the pipeline of residential construction and tourism activity, are creating more demand for industrial space. “Miami’s leading the charge as a result of strong international trade and tourism,” JLL Florida research director Brady Titcomb tells us. JLL's research team is snapped as they took a tour of local ports, including PortMiami, to see all the action up close (Brady’s second from left).

Also, Brady says, the new wave of mixed-use and residential development in Miami is a key driver of industrial growth. Once those towers are completed, the demand from end users for goods and services will rise (you gotta fill your de-luxe apartment in the sky with something). The numbers bear out Brady’s enthusiasm for Miami industrial: JLL’s most recent numbers reveal that 71% of the industrial product delivered in the past 15 months has already been leased.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's South Florida Newsletters
Related Stories

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Goldman Sachs Pays $154M For Davie Apartments: The South Florida Deal Sheet

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Rig Collapse At Citadel HQ Site Sends 4 To Hospital

Crystal Residences Offers A Model For Delivering New Housing And Lasting Community Benefits In Coral Gables

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

Lineage Suing Solar Company Altus Power Over Boyle Heights Warehouse Fire

Stephen Ross Expands Palm Beach Empire With Massive Boca Raton Campus

Prolific South Florida Developer Nick Rojo Dies At 44

Prologis Acquires 69 Acres For 1M SF Chicago-Area Industrial Development

Former CBRE Exec Suing Brokerage Giant Over Age Discrimination, Whistleblower Complaint

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years