https://www.miamiwarehousehub.com/blog daily 0.75 2020-12-29 https://www.miamiwarehousehub.com/blog/landlords-and-tenants-must-work-together monthly 0.5 2020-12-26 https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1608960293846-E2FLQA6PN8O90ASM75TN/two-men-shaking-hands-with-each-other-3860852.jpg Resources - Landlords and tenants must work together. https://www.miamiwarehousehub.com/blog/industrial-submarket-snapshot monthly 0.5 2020-12-26 https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1608960740249-0UJGF1OJD7QW6VRS53R5/image-asset.jpg Resources - Industrial submarket snapshot https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1608960775007-Z8NOQUVBVZ9FYZZPEP45/docks.jpg Resources - Industrial submarket snapshot https://www.miamiwarehousehub.com/blog/industrial-construction-in-miami-continues monthly 0.5 2020-12-26 https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1608961134148-SC78SREWN97186KN6ZQ3/image-asset-1.jpg Resources - Industrial construction in Miami continues https://www.miamiwarehousehub.com/blog/listing-miami-cooler-warehouse monthly 0.5 2020-12-26 https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1608961273168-O2X1RX2SIPG6VDUKMO4C/image-asset-2.jpg Resources - Listing: Miami cooler warehouse https://www.miamiwarehousehub.com/blog/hialeah-warehouse-sold-by-comreal-miami monthly 0.5 2020-12-26 https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1608961398334-02ACYFKX7O1SV5BT56OD/image-asset.png Resources - Hialeah warehouse sold by ComReal Miami https://www.miamiwarehousehub.com/blog/listing-miami-warehouse-for-sublease monthly 0.5 2020-12-26 https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1608961538505-N36G7U4CMWTJ45EAN8U2/front%2BRosy2.jpg Resources - Listing: Miami warehouse for sublease https://www.miamiwarehousehub.com/blog/renewal-rates-amp-what-you-should-know monthly 0.5 2020-12-26 https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1608961701625-USH5Y0V2LOLEGYFNSZV5/image-asset-4.jpg Resources - Renewal rates & what you should know https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1608961658180-SFA8L8PCB4KQ0TT2T7NP/image-asset-3.jpg Resources - Renewal rates & what you should know https://www.miamiwarehousehub.com/blog/for-sale-cooler-warehouse-in-miami monthly 0.5 2020-12-26 https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1608961822109-CWV0S0XQQ9CUA4BO9Q0O/image-asset-5.jpg Resources - For sale: cooler warehouse in Miami https://www.miamiwarehousehub.com/blog/palmetto-facing-warehouses-in-high-demand monthly 0.5 2020-12-26 https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1608961991171-4X0PKO35OM5Q8XFPVQUR/image-asset-1.png Resources - Palmetto facing warehouses in high demand https://www.miamiwarehousehub.com/blog/flaglers-new-warehouse-buildings monthly 0.5 2020-12-26 https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1608962186822-R3FMIDY923RK042NCMHA/image-asset-7.jpg Resources - Flagler's new warehouse buildings https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1608962144232-BFKKUR7QXM155BPZR2XG/image-asset-6.jpg Resources - Flagler's new warehouse buildings https://www.miamiwarehousehub.com/blog/miami-cooler-warehouse-update monthly 0.5 2020-12-29 https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1609210510363-4GOISZ5YP2034K311CPM/image-asset.png Resources - Miami cooler warehouse update https://www.miamiwarehousehub.com/blog/warehouse-in-hialeah-for-sale monthly 0.5 2020-12-29 https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1609210611306-UNHJJTU7X4QZ53BLPFYR/image-asset.jpg Resources - Warehouse in Hialeah for sale https://www.miamiwarehousehub.com/blog/95-acres-of-miami-land-for-sale monthly 0.5 2020-12-29 https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1609210707532-H1CB0PYIXH21U8FE4Q7S/image-asset-1.jpg Resources - 95 acres of Miami land for sale https://www.miamiwarehousehub.com/blog/doral-warehouse-sells-for-a-premium monthly 0.5 2020-12-29 https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1609210791695-II4CIAI1KAZVSWCM9E27/image-asset-2.jpg Resources - Doral warehouse sells for a premium https://www.miamiwarehousehub.com/blog/doral-warehouse-for-lease monthly 0.5 2020-12-29 https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1609210881249-W8GKHCNKTS42ENC67DXX/class-a-micc.jpg Resources - Doral warehouse for lease https://www.miamiwarehousehub.com/blog/americas-gateway-park-warehouse monthly 0.5 2020-12-29 https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1609210958142-80RG7K0CQWU3JNV4L7Z1/1-picture.jpg Resources - Americas' Gateway Park warehouse https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1609210983131-W2AA6P7KTRQSFXGGZJ6C/agp-cooler-shot-e1380824578734.jpg Resources - Americas' Gateway Park warehouse https://www.miamiwarehousehub.com/blog/iasjwhp2bsppen2y0vyb9afho0h9sb monthly 0.5 2020-12-29 https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1609211070060-IW9PFBKEJKU3R4M8QRW1/KTB-logo2.gif Resources - German company leases warehouse https://www.miamiwarehousehub.com/blog/florida-ports-councils-new-publication monthly 0.5 2020-12-29 https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1609211173931-566Z4Y1HFUGFXQ7FUTSC/Container-Ship-at-PortMiami.jpg Resources - Florida Ports Council's new publication https://www.miamiwarehousehub.com/blog/2013-miami-industrial-market monthly 0.5 2020-12-29 https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1609211285287-299ZTT1K5DABH2IA2U91/IMG_0061.jpg Resources - 2013 Miami Industrial Market https://www.miamiwarehousehub.com/blog/aventura-warehouse-market monthly 0.5 2020-12-29 https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1609211410183-DVUEFSGUNJQJJ23YLX0M/Aventura-Photo-e1379611723497.jpg Resources - Aventura Warehouse Market https://www.miamiwarehousehub.com/blog/doral-warehouse-market monthly 0.5 2020-12-29 https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1609211482259-UU4NA5CO4B84B9WHUY51/Doral-Aerial1.jpg Resources - Doral Warehouse Market https://www.miamiwarehousehub.com/blog/florida-city-warehouse-market monthly 0.5 2020-12-29 https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1609211574751-F6O7B7583GPAGZIVHBLQ/Florida-City-Warehouse.jpg Resources - Florida City Warehouse Market https://www.miamiwarehousehub.com/home daily 1.0 2024-05-07 https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1607049107688-XXNYAYLEMAFUKXBBUVL6/Bitmap.png Home https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1607135515681-AVERT9ZSP9NZOYTQYMTA/Edison.png Home Portrait of pretty Caucasian therapist in elegant dress and smiling while standing at modern office. https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1607135492422-56OHAI0DCWXX26AA9RO9/image-asset.png Home Portrait of a millennial generation therapist with curly hair and eyeglasses looking at camera. https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1607135542987-TMDQKHL78584M4MJ1WVD/image-asset.png Home https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1607135572974-MW836B72KTYWJUY5ASBT/Yarisley.png Home https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1607135500886-4OTPU0P03R8U9B6RF7CE/Pat.png Home Portrait of handsome young smiling therapist holding smartphone and looking at camera. https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1607135362902-F5CUAKVIIA3C4L689JRE/image-asset.png Home Portrait of elegant therapist wearing suit standing holding coffee cup and a folder and looking at camera. https://www.miamiwarehousehub.com/new-page daily 0.75 2020-12-29 https://www.miamiwarehousehub.com/medley daily 0.75 2020-12-29 https://www.miamiwarehousehub.com/medley-1 daily 0.75 2020-12-29 https://www.miamiwarehousehub.com/north-dade daily 0.75 2020-12-29 https://www.miamiwarehousehub.com/team daily 0.75 2021-06-11 https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1607135362902-F5CUAKVIIA3C4L689JRE/image-asset.png Our Team - Edward Redlich, SIOR, CCIM, Principal Tobias Keene, D.D.S. Hailing from Richmond, Virginia, Dr. Tobias Keene brings a bit of unabashed Southern hospitality to all his patients. He moved to Washington, D.C. over thirty years ago as a freshman at Ivy College. Right after graduation, he attended World University’s School of Dentistry. Before opening Keene Dental in 1994, he worked for free clinics and some of the finest practices in the District. He is part of the 123 Dental Association and stays up-to-date on the latest dental discoveries. When not striving to keep his patients happy and healthy, he’s enjoys hiking with his family in Rock Creek Park. https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1607354413299-497BMVW8B6X63WM3JI24/Bitmap.png Our Team - Chris Spear, CCIM Principal Chris specializes in the sales and leasing of commercial property in Miami-Dade County. His services include buyer & tenant representation, consultations, lease and purchase negotiations, and site selections. In 2002, he received his degree from Florida State University and immediately began a career in real estate. Since joining the ComReal Miami team in 2007, he has represented local, national and global companies; some of those companies include: Goodyear Tire, PS Business Parks, General Electric, Transcend, MSI Stone, 1 Sale A Day, Air-Pro, Allied Caribbean, and many more. https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1607135515681-AVERT9ZSP9NZOYTQYMTA/Edison.png Our Team - Edison Vasquez, CCIM, Principal Over the last 10 years, Edison has been specializing in industrial space. He joined ComReal in 2010 to work with the industrial team on the sale and leasing of industrial properties in Miami. He was born and raised in Ecuador. He received his undergraduate degree in Finance from Florida Gulf Coast University, and his Masters in International Real Estate from Florida International University. In 2013, along with Chris Spear, Edison received the CCIM designation. He is bilingual (fluent in Spanish and English) and is proud of his Ecuadorian heritage. He has successfully helped many domestic and international companies locate their warehouse in the competitive, South Florida industrial real estate market. https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1607135500886-4OTPU0P03R8U9B6RF7CE/Pat.png Our Team - Patrick McBride, Commercial Advisor Tobias Keene, D.D.S. Hailing from Richmond, Virginia, Dr. Tobias Keene brings a bit of unabashed Southern hospitality to all his patients. He moved to Washington, D.C. over thirty years ago as a freshman at Ivy College. Right after graduation, he attended World University’s School of Dentistry. Before opening Keene Dental in 1994, he worked for free clinics and some of the finest practices in the District. He is part of the 123 Dental Association and stays up-to-date on the latest dental discoveries. When not striving to keep his patients happy and healthy, he’s enjoys hiking with his family in Rock Creek Park. https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1607135542987-TMDQKHL78584M4MJ1WVD/image-asset.png Our Team - Patricia Quintana Commercial Advisor Tobias Keene, D.D.S. Hailing from Richmond, Virginia, Dr. Tobias Keene brings a bit of unabashed Southern hospitality to all his patients. He moved to Washington, D.C. over thirty years ago as a freshman at Ivy College. Right after graduation, he attended World University’s School of Dentistry. Before opening Keene Dental in 1994, he worked for free clinics and some of the finest practices in the District. He is part of the 123 Dental Association and stays up-to-date on the latest dental discoveries. When not striving to keep his patients happy and healthy, he’s enjoys hiking with his family in Rock Creek Park. https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1607135492422-56OHAI0DCWXX26AA9RO9/image-asset.png Our Team - Brandon Boyd Commercial Advisor Brandon specializes in the sale and leasing of agriculture land throughout the State of Florida. Brandon’s specialty revolves not only around vacant land, but also land with shade houses, row crop, and outdoor tree farms. Brandon remains very involved in the agricultural industry and is an expert in the new Florida Hemp cultivation. He also gained invaluable experience in the horticulture industry, in South Florida, where he was a head grower. He uses his agriculture background, education and experience as both an owner and grower to help his client’s achieve their business goals. https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1607135572974-MW836B72KTYWJUY5ASBT/Yarisley.png Our Team - Yarisley Morales Marketing Director Yarisley Morales, Director of Marketing, was born in Cuba. She joined ComReal in 2013 and helps the team significantly by facilitating their day to day activities. She graduated from Florida International University (FIU) in 2012 with a Bachelor of Business Administration in Marketing and Management. Yarisley knows that a crucial aspect to a successful business is effective communication with clients, and strives to provide great customer service. She is fluent in both English and Spanish. https://www.miamiwarehousehub.com/contact daily 0.75 2020-12-24 https://www.miamiwarehousehub.com/our-approach daily 0.75 2020-12-24 https://www.miamiwarehousehub.com/neighborhoods-aventure daily 0.75 2020-12-29 https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1609215725274-91KJR92668VWYHP2EBT3/Screen%2BShot%2B2020-12-28%2Bat%2B11.18.08%2BPM.jpg Aventura It is home to Turnberry Isle Resort & Club, and lays claim to Aventura Mall, which is a 2,400,000 sq. ft. indoor shopping mall, making it the fifth largest mall in the United States. Aventura is mainly a residential, retail, and office area. It is in the industrial submarket referred to as the North Miami Beach industrial market. The City of Aventura has very little warehouse space, and is home to a few small flex space users. https://www.miamiwarehousehub.com/neighborhoods-doral daily 0.75 2020-12-29 https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1609215703120-VEACKYT5C805S78HPJC6/Screen%2BShot%2B2020-12-28%2Bat%2B11.19.23%2BPM.jpg Doral The name Doral was derived from combining the names of Doris and Alfred Kaskel, the couple who built the Doral Golf Resort & Spa, now known as Trump National Doral, after the purchase of the resort by Donald Trump. Doral has a large number of importers and exporters, because of its short distance to Miami International Airport and Port Miami, 1 mile and 12 miles respectively. Some of the major employers in the City of Doral include:Carnival Cruise Lines, Univision, U.S. Southern Command, BE Aerospace, Gold Coast Beverage Distributors,Telefutura, Hellmann Worldwide Logistics, and many government entities. https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1608952653153-E3HUUCOFJZIO0VVRSVSO/Doralaerial.jpg Doral Doral has over 3,000 logistic associated companies, and it has the #1 Tile District in the United States. Doral has millions of sq. ft. of warehouse space. Its warehouse vacancy rate at the business parks is around 4% and under 6% for the remainder of the city. The large industrial parks include: PS Business Park’s MICC; Prologis’ Beacon Centre, Beacon Industrial Park and Beacon Lakes; International Corporate Park (ICP); KTR’s Beacon at 97th; andAmericas’ Gateway Park. https://www.miamiwarehousehub.com/neighborhoods-florida-city daily 0.75 2020-12-29 https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1609215667960-L4AJGEG3HAEZAJGITBVL/Screen%2BShot%2B2020-12-28%2Bat%2B11.20.19%2BPM.jpg Florida City There is a small pocket of warehouse space in Florida City. This area is mainly on the west side of US 1, between Lucy Street and Palm Drive. Your average Florida City warehouse is street level and was built in the 1980′s. The tenants and owners are primarily in the automotive, mechanical repair, or service industry. Some of the warehouses were built on extra land and have outside storage, which is difficult to find in the more northern cities of Miami-Dade County. Rental rates average between $7.00 – 8.00 per sq. ft. gross. Warehouse sales average around $55 per sq. ft. Florida City also has the farmers market. These Florida City warehouses are where the local farmers come with their produce and other perishables, and place them into warehouses with cooler space before the product is shipped out all over the United States. https://www.miamiwarehousehub.com/neighborhoods-hialeah daily 0.75 2020-12-29 https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1609215789023-VZ8CWBFJYTNQKWR4MUUS/Screen%2BShot%2B2020-12-28%2Bat%2B11.22.36%2BPM.jpg Hialeah The Hialeah warehouse market continues to recover from the lows of 2008 -2009. Hialeah warehouses lost more value and saw lease rates lowered greater than most other warehouse markets in Miami-Dade. Their warehouse lease rates and sale prices bottomed out during those years, and it wasn’t until late 2011 that Hialeah saw a turn around. Over the last 3 years, Hialeah has only seen saw two quarters of negative absorption in regards to warehouse space. Prices are still down overall, but there are many interesting things going on in Hialeah. With a very pro-business city government, businesses enjoy the welcoming arms found in Hialeah. With “time being everything” and a continued uptick on gas prices, some investors are looking at Hialeah because of its strategic location near both Port Miami and Miami International Airport. With land being scarce in Miami-Dade County, it is likely we will see investors purchase existing, non-functional warehouses and demolishing them in order to erect newer warehouses. At the end of the 2nd quarter 2014, asking warehouse lease rates were between $4.25 to $6.00 per sq. ft. gross, and the Hialeah warehouses had a vacancy rate of about 5%. During the second quarter 2014, Caterpillar Logistics Services did a 133,000 sq. ft. lease at Centergate at Gratigny, 6301 E 10th Avenue, Hialeah, FL. https://www.miamiwarehousehub.com/neighborhoods-hialeah-gardens daily 0.75 2020-12-29 https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1609215886965-6LNHXHVE28JNPQBLBRRH/Screen+Shot+2020-12-28+at+11.24.17+PM.png Hialeah Gardens Hialeah Gardens’ warehouse market mainly consists of older generation buildings. These warehouses are primarily free-standing, average about 25,000 sq. ft., and consist of multiple tenants. The warehouses have lower ceilings, are front-loaded and many of them set very close to the street, which can often cause traffic problems for vehicles. Some of the larger tenants currently include: Advak Technologies, Specialty Products & Insulation, Rollingshield, and GIC Aluminum. Hialeah Gardens warehouse lease rates are currently around $6.50 per sq. ft. industrial gross. Over the last few years, there have been very few warehouse sales. Of these sales, the average sales prices has been about $60 per sq. ft. https://www.miamiwarehousehub.com/neighborhoods-homestead daily 0.75 2020-12-29 https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1609215953552-E5W6KP9P80LDTKNLLV3X/Screen+Shot+2020-12-28+at+11.25.25+PM.png Homestead The Homestead housing market took a very hard hit from 2008-2011. Prices were down over 50% in most of the Homestead area. Lennar and Shoma Homes were two of the larger home builders and land owners in the area. In respect to the Homestead warehouse market, there was some new development in the area during the 2000′s, but this area did not see the same increase in development as other parts of the Miami-Dade County. Most of the Homestead warehouse space is street level, small bay warehouses occupied with local service providers (printers, car repairs, construction companies, and the like). Homestead has some dock high warehouses but it is limited to the newer construction and it is in small pockets within the city. Homestead warehouses lease from $7.00-$8.00 per sq. ft. Warehouses sales, very few, are between $50-$70 per sq. ft. The prices wide range is due to a lack of sales and leases. https://www.miamiwarehousehub.com/neighborhoods-medley daily 0.75 2020-12-29 https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1609216093906-C286VIG2ROSRBLU6IXY7/Screen+Shot+2020-12-28+at+11.27.43+PM.png Medley With over 1,100 businesses, Medley has more businesses than it does citizens. The vast majority of these businesses are located in warehouses. These warehouses range from small, freestanding buildings with extra land, to large Class A institutional product. Its 1,100+ businesses include Sysco, Seaboard Marine, AAR Landing Gear Services, and Lawson Industries. A few of the institutional owners include AEW Capital Management, TA Associates, and Prologis. Very close to Medley is a portion of unincorporated Miami-Dade County, which is also heavily saturated with warehouses and some of the county’s remaining industrial parcels. A few tenants in that area include: Ryder System, PriceSmart, Preferred Freezer, BE Aerospace, and Lagasse. Medley warehouse sale and lease prices vary depending on location and which “class” of warehouse you are looking at, i.e. – Class A, B, or C. The warehouse lease prices range from about $6.50 per sq. ft. gross up to $8.50 per sq. ft. gross. The cheaper warehouses are older, and are front-loaded. The more expensive warehouses are newer, have higher ceilings, are rear-loaded and generally have the newest electrical technology. Warehouse sale prices range from $70-110 per sq. ft.; the deviation in pricing, like the warehouses for lease, is based on the warehouse features, age and location. Medley warehouses are desired by companies whom seek functional and economical warehouse space. Medley is generally about $1.00 – $1.50 per sq. ft. cheaper than warehouses in Doral. Homestead has some dock high warehouses but it is limited to the newer construction and it is in small pockets within the city. Homestead warehouses lease from $7.00-$8.00 per sq. ft. Warehouses sales, very few, are between $50-$70 per sq. ft. The prices wide range is due to a lack of sales and leases. https://www.miamiwarehousehub.com/neighborhoods-miami-gardens daily 0.75 2020-12-29 https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1609216158097-AOIIEC3KW7DR122S25PZ/Screen%2BShot%2B2020-12-28%2Bat%2B11.28.37%2BPM.jpg Miami Gardens Two well-known locations in this area include St. Thomas University and Sun Life Stadium. This neighborhood also abuts the Golden Glades Interchange, which is where the Florida Turnpike, I-95 , State Road 7 and SR 826 intersect. The Miami Gardens warehouses are primarily concentrated in the Sunshine State Industrial Park, Palmetto Lakes Industrial Park and along the Palmetto Expressway (SW 826). Sunshine State Industrial Park is home to Southern Wine and Spirits, Goodman Distribution, Atlas Metal, and Viking Life Saving Equipment. Companies that call Palmetto Lakes Industrial Park include gun maker Taurus International, Con-Way Freight, Precision Trading, and Racks Unlimited These warehouses are generally older dock high warehouses that have ceiling heights of 16-20’, minimal parking and often times smaller truck courts. The rental prices range from $6.00 - $7.00 per sq. ft. and sales prices average $50 - $70 per sq. ft., with properties in the Sunshine State Industrial Park often obtaining higher prices over the Palmetto Lakes Industrial Park. https://www.miamiwarehousehub.com/neighborhoods-miami-lakes daily 0.75 2020-12-29 https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1609216257182-SL361LQNPQ587F8MVSJM/Screen+Shot+2020-12-28+at+11.29.53+PM.png Miami Lakes There are just under 12 million square feet of warehouse space in the Miami Lakes submarket. Many of the Miami Lakes warehouses were custom built for different companies. Because of their custom features, many of the warehouses were not built for distribution, nor logistics. Many of them have large amounts of office space with few dock positions, but many of the properties have more parking than most other warehouses found in Miami-Dade County. Most warehouses are larger single or multi-tenant buildings used for storage or manufacturing. Some of the larger tenants in Miami Lakes include: Johnson & Johnson’s Cordis, Bank United, W.W. Grainger, and Miami International Freight Solutions. Miami Lakes warehouses currently carry around a 7.25% vacancy rate and average asking rental rates of $7.40 per sq. ft. At the end of the 3rd quarter 2014, Miami Lakes boasted a positive absorption of roughly 50,000 sq. ft, which decreased the vacancy by almost .5%. https://www.miamiwarehousehub.com/neighborhoods-opa-locka daily 0.75 2020-12-29 https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1609216323294-LQOMUUH2Z026EE61B7MD/Screen+Shot+2020-12-28+at+11.31.18+PM.png Opa Locka These warehouses generally are very difficult to be utilized by a distribution company, but often work for manufacturing, auto repair or for local distribution of goods. Warehouse rental rates are generally $4.50 to $6.00 per sq. ft. While in the Gratigny Central Industrial Park, the warehouses have much larger truck courts and often have excess vehicle parking and trailer spots. Because of it’s central location, large box-style warehouses, and ample parking, many large distribution companies are located here. Companies include Caterpillar, Carnival Cruise Lines, Winn-Dixie, Hammersmith, and both Iberia and Gordon Foods. Many of the large institutions including Prologis and Seagis have taken a liking to this neighborhood and have acquired many of the larger warehouses over the last 10 years. Rental rates in the Gratigny area are slightly higher in the $5.50 to $6.50 range, and while there have been very few sales in this neighborhood, the warehouses fetch roughly an extra $1.00 per sq. ft. over the Opa-Locka neighborhood to the north. https://www.miamiwarehousehub.com/neighborhoods-south-dade daily 0.75 2020-12-29 https://images.squarespace-cdn.com/content/v1/5fbddc2ce2fce462bc790e3d/1609216462045-09OERRGPMNGMJ2P5SZ4L/Screen%2BShot%2B2020-12-28%2Bat%2B11.33.24%2BPM.jpg South Dade The South Dade area, although small and undefined, is significant nontheless. Though most warehouses are locally owned, Seagis Property Group owns many warehouses for lease in this area. The warehouses are primarily street level or used for special use, such as pharmaceuticals, bus repair, and beverage distribution. Coca-Cola, Miami-Dade County Schools, Swiss Caps Pharmaceuticals, and Noven Pharmaceuticals are a few of the major warehouse tenants and owners in this area. Warehouses in South Dade for lease have asking rates of $8.00 to $11.00 per sq. ft. gross. Most of the warehouses for sale are smaller warehouse condos. A few times a year, the larger warehouses be put up for sale.