MIAMI-Miami International Commerce Center recently unveiled the largest new construction project in the Airport West market in years. Now, both class A industrial developments are 100% leased.
Owned by PS Business Parks, MICC’s new 75,000-square-foot property and the adjacent 60,000-square-foot building are fully occupied. PS Business Parks announced plans for the buildings in 2009, when the economy was down and many tenants were downsizing or going out of business.
“In our particular market we are blessed because we don’t have a lot of overbuilding,” Viola Sanchez, Southeast division vice president for PS Business Parks, tells GlobeSt.com. “The fact that we focus on small- to medium-sized tenant users is unique in the market, and it seems that’s where a lot of the growth has been.”
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