MIAMI—South Florida is among the 20 markets worldwide that are set to emerge as global logistics hubs. That's according to a new report from CBRE Group.

The firm cites South Florida, along with Santiago, Chile, Bajio, Mexico, and Philadelphia, as emerging locations based on a number of factors. Those include significant investments in infrastructure, new trade policies and agreements, and more advanced supply chains and technologies.

"International trade is a powerful stimulant to economic and business development and it is very dynamic in the longer term," says Richard Barkham, global chief economist at CBRE. "Changes to infrastructure and regulations and the growth of new markets means there is a continual need to drive efficiency through adjustment to supply chains. Logistics hubs are the main driving force behind the industrial real estate markets and are at the center of large clusters of distribution facilities."