MIAMI—DCT Industrial Trust just broke ground on the first of two industrial buildings in the DCT Commerce Center at Pan American West Industrial Park. The groundbreaking comes as the next wave of industrial development gets underway to meet the rising demand in Miami.

The site is pad-ready and the slab will be poured in the coming days. The project delivery date is set for fourth quarter 2012, but it won’t be DCT’s last. At the groundbreaking, the firm announced plans to expand its industrial portfolio on the burgeoning Miami market.

“There are a number of industrial projects being developed in Miami,” Christian Lee, vice chairman at CBRE’s Capital Markets Institutional Group, tells GlobeSt.com. “It’s very reasonable to expect to see a very steady flow of industrial deliveries over the next three to five years. It will stop, though, at some point because we will run out of land. We are very close to that now.”