Multi-story warehouses are already common in Asia, but the concept is now taking off in supply-constrained American cities.
Four multilevel projects are currently under construction or will soon break ground in Seattle, San Francisco and New York City, and many more planned projects will be announced in the coming months, according to Rob Kossar, vice chairman and head of the Northeast industrial region at real estate services firm JLL.
Continue reading “Why Multi-Story Industrial Assets Might Be In The Future For Dense U.S. Cities”
Hialeah is hot.
The city has been experiencing a surge in real estate investment, bolstering its reputation as an industrial hub while also identifying it as a more welcoming place for multifamily and commercial construction following recent moves to encourage development.
But investors drawn to cheaper land prices and those who may be looking to make a quick buck on a flip could find it difficult in this working-class city where rents remain low as does the median household income, which hovers at $30,000, local developers and brokers say.
Continue reading “Is Hialeah ‘The Next Big Thing’ For Real Estate Investment In South Florida?”
Miami-Dade’s industrial market is still hot.
With low vacancy rates, lots of demand and a growing supply of new buildings, the industrial market seems to show no signs of slowing down, as South Florida becomes an increasingly attractive destinationfor commerce, according to a recent report by CBRE.
Continue reading “Miami-Dade’s Industrial Market Still On Fire In Q1: Report”