The industrial market is continuing to grow in South Florida, according to Collier's Q2 market report for the region, which means airport and cruise port access will become ever more crucial in the coming years.
There's huge investor demand to buy existing, vacant or income-producing land, according to Colliers' Steve Wasserman, who said there's also a shortage of good-quality buildings to sell to owner-occupants, though that could depend on whether you're a tenant or buyer.
"There's a tremendous amount of new construction going up over the next year or two with investors," Wasserman said. "It seems to be getting absorbed on a reasonable basis. For example, First Industrial just leased 140,000 square feet in Pompano Beach to a company that's in the building supply business, and they also did a 300,000-square-foot deal with a freight company. Other than Amazon, there's still a good amount of activity taking place."
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