MIAMI—Since the Port of Miami tunnel was finished in the secondquarter, new class A industrial developments havestarted rising across Miami-Dade County catering to mid-sized andlarge-space users. Some have said now is the time to build more industrial—butare the forecasts too positive? Are these latest industrialdevelopments built more on hype, without the consideration ofmetrics?

Viola Sanchez, vice president of the SoutheastDivision with PSBP, the owner of the largestindustrial property in Miami—the Miami International CommerceCenter—has some thoughts on those questions. GlobeSt.com caught upwith Sanchez to understand her perspective on Miami's industrialmarket.

“From a top-down view, it benefits the market to focus in on thebuzz that industrial is booming,” Sanchez says.“However, I am cautious of the possibility that too many businessesare being caught up in a false-positive trend.”