MIAMI—In a move to capitalize on foreign investment into Miami, Transwestern has added more manpower to its South Florida team. Andrew Fernandez has joined as an associate.

Fernandez joins as Miami continues to benefit from global capital and Latin American influence, and continues to make incremental strides towards recovery. At the same time, the anticipation of the Panama Canal expansion has fostered economic growth, driving international trade and infrastructure in South Florida.

“The fluid requirements of our clients are increasingly more broad in order to maintain and succeed within today's business environment,” says Walter Byrd, managing director of Transwestern's South Florida offices. “Ensuring we are expertly providing the data and research critical for that advancement is a key to our growth strategy.”

Miami's overall vacancy rate of 7.2% for the industrial market is setting the stage for the sector to be one of the hottest markets in the nation. The demand for logistical, manufacturing, and warehouse space is on the rise. Within the office sector, overall office vacancies of 20.3% have signaled the return of organic, sustainable tenant growth, the firm reports.

Fernandez is charged with representing the interests of office and industrial tenants. Specifically, he will provide strategic consulting and negotiation services to institutional clients from an agency leasing and tenant advisory capacity.

“Andrew's diversity and market knowledge will complement our team's breadth of expertise,” says Ben Eisenberg, managing director of Transwestern's South Florida offices. “His work with all our sectors will advance our overall corporate goals and objectives.”