Why Doral Demands More Industrial

MIAMI—Demand is clearly rising for next-generation class A industrial space in Miami-Dade County. KVRG Developers sees the opportunity and is pushing forward with the $10.9 million Transal Logistics Center in Doral, FL.

Miller Construction is building the 218,000-square-foot industrial complex at 8301-8303 Northwest 27th Street that is designed to drive efficiency for international trade operations. The two reinforced concrete and tilt wall buildings will have 30-foot ceilings, 54-by-50-foot column spacing and T-5 lighting for motion sensors.

“With the PortMiami Tunnel completed and the Deep Dredge project positioning Port of Miami to accommodate post-Panamax ships, we're seeing strong demand for fast-track construction of new industrial product serving mid-sized and large-space users,” says Brian Sudduth, senior vice president at Miller. The 110,600-square-foot building A and 107,400-square-foot building B are set for completion in the fourth quarter of 2014. The structures will wrap around a secure 180-foot truck court for easy maneuverability.

Transal Logistics Center's location in the Airport/Doral submarket has immediate access to the new 25th Street Viaduct. Once the elevated viaduct sky bridge is completed, the industrial center's tenants will have an express route for cargo freight trucks entering and exiting Miami International Airport.

Commercial real estate activity in Doral is heating up in a hurry. Miller is also building Gateway Plaza at Doral, an 84,000-square-foot office, retail and restaurant center coming up in spring 2015 nearby on Northwest 87th Avenue and Northwest 21st Terrace. Earlier this year in Miami-Dade's Airport West submarket, Miller completed more than 423,900 square feet of industrial space in two buildings at Flagler Station.

A recent report from Cushman & Wakefield suggest it's time to build industrial. But is there a danger of oversupply? Bill Waxman, executive vice president of CBRE's Global Port Logistics Group, told us development demand is very healthy with every major and secondary market seeing new development.

“Markets won't see an oversupply but will eventually reach equilibrium,” he says. “This new development is directly in response to a healthy demand for leasing nationally and the continual activity on both fronts is bound to progress to productivity.”