Please watch our video on Miami’s industrial real estate market report for the 3rd quarter of 2018. Thank you.
ComReal Miami-Doral, LLC is pleased to announce the sale of the property at 18770 NE 6th Avenue in Miami. The transaction closed on Friday, November 9th for $18,770,000 or about $80 per sq. ft. The property consisted of a 234,739 sq. ft. refrigerated distribution warehouse in Miami on 9.46 acres. ComReal represented the seller,…Details
The Final Mile at Medley property is now available for lease. The address is 7500 NW 82nd Place, Medley, FL 33166. The 28,000 sq. ft. warehouse building sits on 10.8 acres. The landlord / developer, Realterm Logistics, will consider build-to-suit construction for long term, creditworthy tenants. Be sure to watch the Aerial Drone Video Tour.…Details
The average vacancy rate decreased to 3.8% and the average lease rates have increased to $11.76 per sq. ft. Landlords continue to drive rates up while giving tenants fewer concessions. Over 5MM sq. ft. is under construction in Miami’s industrial real estate market, however the net absorption for this quarter was only about 200,000…Details
THE AIRPORT PALMETTO CORRIDOR… It’s all business here! Surrounded by the municipalities of Doral, Sweetwater, Miami Springs, Hialeah, and Coral Gables, the unincorporated area of The Airport Palmetto Hub offers owners and users one less level of government bureaucracy. Heavy manufacturers and production companies find this especially appealing as zoning, electrical, water, and…Details