Miami Industrial Real Estate Market Report First Quarter 2014

              We start the new year with nearly one million square feet of positive absorption. Lease rates and occupancy levels have both increased. The vacancy rate falls now to 6%. The leasing activity is very strong as evidenced by all of the lease transactions listed below. These are good…

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Florida State Sales Tax on Commercial Lease Agreements

[This letter concerning the reduction of the Florida state sales tax on commercial lease agreements was submitted to Florida state legislators in April]. Dear Florida Legislator, It was a pleasure to meet with you and your staff for the “Great American Realtor Days” in Tallahassee on March 19th. We sincerely appreciate your hospitality and precious…

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Cooler Space for Sublease

Cooler space is now available for sublease and is located within International Corporate Park. The property is ideal for distribution of flowers, foods, produce and other perishable products. Located at 1665 NW 102nd Avenue in International Corporate Park in Doral. This refrigerated warehouse space in Miami is about 64,000 sq. ft. The existing tenant may be…

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Miami-Dade County Leases Warehouse in Doral

After nearly two years in the making, the ComReal Miami Industrial Team announces the successful lease of a 64,000 sq. ft. warehouse building by Miami-Dade County. The property is located at 1351 NW 78th Avenue in Doral right on the Palmetto Expressway just west of Miami International Airport. What is most unique about this property…

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Miami Warehouse in Airport East Sold

Congratulations to Karlville Development Group for their new headquarters location at 3590 NW 59 Street in Miami. The 57,000 sq. ft. warehouse is located in the Miami Airport East sub-market. The closing sales price was $2,050,000 or about $26 per sq. ft. The sale was closed in January 2014. The purchase was made under IPR…

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