Although the economy is currently down it is no match for real estate, especially not of that which is near the Port of Miami. According to a recent report from J0nes LaSalleb s third annual Port, Airport and Global Infrastructure (PAGI) real estate near ports is the main factor in the U.S. industrial real estate recovery.
Take Miami for example, the port currently takes up 814,889 square feet which doubled from 404,454 square feet in the first half of 2010. The total cargo volumes entering have even increased by 9.24% since this time last year. The reason being is because leasing volumes and the demand for warehouse space is on the rise due to the Port of Miami being a gateway logistics hub. With the increased popularity of the area there is an expectation of several new developments to break ground during the fourth quarter of this year, and the first quarter of 2012.
For further information regarding real estate near the Port of Miami contact us here at Morris Southeast Group and let us help you find a permanent space for your business.
Source: Florida Real Estate Journal
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Tags: commercial real estate, CRE, Miami, South Florida, South Florida commercial real estate services
