Wednesday, December 4, 2013

Western Miami-Dade industrial market heats up

west-miami-dade

8333 Downtown Doral Building and Tony Puente



The largely industrial real estate scene in the Airport West and Doral sections of Miami-Dade County is picking up steam.


Full-service office buildings in the area ask between $45 and $50 per square foot, Tony Puente of Fairchild Partners told Miami Today. The 8333 Downtown Doral building at 8333 Northwest 53rd Street, however, asks $31 per square feet for its vacant office space.


Also, companies are increasingly negotiating for more space in a particular building.


“The majority are logistics companies looking to increase the functionality of their space or perhaps relocate to a newer facility with wider space,” said Chris Sutton, who serves vice president of business development at the Global Logistics Center in Flagler.


The largest development headed for Western Miami-Dade County is the Florida Department of Transportation’s $2 billion transportation hub that would connect each county in South Florida as well as the Florida Keys. [Miami Today]Mark Maurer






via The Real Deal Miami http://feedproxy.google.com/~r/trdnews_miami/~3/gh6gD_0UeH0/

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