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IRR-Miami Mid-Year Viewpoint 2015 Local Market Report - Industrial

08/05/2015
Published By: Integra Realty Resources

Market Commentary

Miami's industrial sector continues to struggle under high land costs, and the beneficiary is Flagler Logistics who controls the largest holdings at a fixed land basis.  The recent changes to international imports on fresh produce and other perishable goods has left Miami under-supplied in the cold and refrigerated storage inventory.

Large scale development remains mostly build-to-suit, but some speculative buildings are emerging.  The infill markets (East and West Airport) that serve the local distributorships and contract trades have rebounded with the economy and a robust construction market.  Doral industrial flex is back, and the pricing (and rents) are starting to favor a new wave of industrial condos.  This fractionalization is never good for the market fundamentals.  Miami industrial remains relatively strong as of mid-2015. It's always good until it isn't. 

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Download the full version PDF of this Local Market Report below to see the charts, graphs, and tables not included above.

IRR Mid-Year Viewpoint 2015 comprises a National Overview report and 300+ two-page Local Market Reports for all key property types as well as additional resources, including metrics methodology, graphs, and tables; these free reports may be downloaded from IRR’s site here.

 

Release Date08/05/2015 - 14:30

Source

Integra Realty Resources

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