Edward Redlich, SIOR, CCIM
South Dade: South Florida’s Frontier for Premier Business and Lifestyle It’s hard to deny the increasingly high rate at which South Florida is exploding in industry and population. With a prime geographic location that is easily accessible from domestic as well as international hubs in Europe, South and Central America, the Caribbean, and even Asia,…
For the first time, the average asking gross lease rate for warehouse space in Miami is now above the $10.00 per sq. ft. mark (but, just barely). Strong market forces and higher rents for new buildings have helped make this happen. Landlords will continue to push rates even higher, however this first quarter shows a…
The Miami Industrial Team at ComReal announces the completion of a long-term lease for the +/-47,500 Sq. Ft. building known as the Gratigny Warehouse at 3360 NW 110th Street in Miami, Florida in Seaboard Industrial Park. Only six months after being sold and having gone through renovations, the building will now be occupied by HardTen…
New listing! The Palmetto 8 Acres is site is now for sale for $10,000,000. The ownership might also consider leasing the site. The zoning is the heaviest in Miami-Dade County known as IU-3 and it is in unincorporated (no city limits). The frontage on the Palmetto Expressway has over 250,000 cars per day. NW 74th…
Miami International Airport: International Air Cargo Warehouse Hub Miami International Airport (MIA) located in the heart of Miami-Dade County is the air cargo gateway to Latin America, and the number one airport for international freight in the United States. It’s hard to ignore this leading statistic and the implications for any major industry in the…
August 2017 – The ComReal commercial real estate team is pleased to announce the sale of The Redland Warehouse at 21150 SW 167 Avenue, Redland, Florida. The 55,600 sq. ft. packing and refrigerated warehouse sits on over four acres within the Redland agriculture district. The property closed for $3,445,000 or about $62 per sq. ft.…
PortMiami: Sea Cargo Gateway to the Americas Companies that import and export goods and perishables between the Americas should pay attention to one of the world’s leading hubs for commerce located in South Florida. PortMiami sits conveniently on the southern tip of North America, with prime access to South and Central America, Europe, and even…
Midyear into 2017 and the average rental rate for Miami warehouse space slightly increases… grudgingly. Although some landlords have been able to increase rates for their warehouses, tenants and their respective brokers fight to keep the average under $10.00 per sq. ft. Institutional landlords are fairly disappointed that rates have not increased higher as they…