On May 6, 2019, ComReal attended the Planning Advisory Board’s public hearing regarding the proposed annexations of two areas within the Airport Palmetto Corridor – one by The City of Miami Springs and the other by The Village of Virginia Gardens. These high tax municipalities seek to offset their resident’s tax burdens by substantially increasing…
Miami Springs is once again attempting to annex portions of the Airport Palmetto Corridor. This time the area bounded by NW 74th Street Connector to the north, state Road 826 to the west, NW 36th Street to the south, and NW 67th Avenue to the east in under the threat of additional taxes. There…
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…
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…