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Strong Demand Fuels Industrial Activity in South Florida

At the mid-year point there is currently more than 5.5 million square feet of industrial space under construction in South Florida, a record high for the past 10 years, according to the Newmark Knight Frank second quarter report.

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Steve Medwin, executive managing director, South Florida for Newmark Knight Frank

MIAMI—The industrial real estate market in South Florida continues to show no sign of weakness, posting robust leasing and investment demand and an impressive development pipeline.

Newmark Knight Frank Steve Medwin, executive managing director, South Florida, tells Globest.com that the region’s industrial market saw substantial growth in demand in the second quarter with positive net absorption of 1.4 million square feet, bringing midyear net absorption to just under 2.3 million square feet.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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