MIAMI—Jones Lang LaSalle believes there isindustrial opportunity in South Florida, so much so that the firmrecently relocated its ports practice to Miami.
JLL has good reason. Industrial buildings are reaching 100% occupancy in Miami and supply is constrained. The Airport/Doralsubmarket accounted for more than 45% of the total 1.3 millionsquare feet of absorption in first quarter 2012. But other marketsare also heating up.
GlobeSt.com caught up with Steven J. Medwin,managing director with Jones Lang LaSalle in SouthFlorida, to discuss the factors fueling industrialinvestment decisions in South Florida, new construction,the potential for in-fill development and other industrialtrends.
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