Thursday, December 18, 2008

Miami warehouse

Miami warehouse for lease. This Miami warehouse of 127,000 sq. ft. is now available for lease. The property is located near Miami Int'l. Aiport, Dolphin Expressway and Palmetto Expressway. The Miami warehouse has 16,000 sq. ft. of office space; fully sprinklered; all-concrete construction; high ceilings; 17 docks; 1 ramp; 18 truck positions in staging area; heavy electric; FEC railway. For other warehouses in Miami, please contact Edward Redlich of ComReal Miami commercial real estate at 786-433-2379 or and visit

Watch this Miami warehouse video:

Tuesday, December 2, 2008

ComReal Miami Industrial Division 3rd Quarter of 2008 Report

Miami’s Industrial Market has seen lease rates decrease 10-20% this quarter and vacancy is now up to about 8%, and climbing. Lease rates may fall another 10-20% between now and the First Quarter of 2009. This is good news for those users seeking to lease (and purchase) new Miami warehouse space. Landlords of warehouses in Miami are offering more rental concessions such as free rent and tenant improvement allowances. Most speculative construction is on hold. Green buildings will be less appealing due to higher upfront costs. Financing is still an obvious problem, especially if you are an investor. Expect to see more transactions either owner financed or paid all cash for Miami warehouses. Although overall transaction volume is down, there are still a few significant transactions occurring. For example ComReal Miami represented Innovative Stone in its lease acquisition of 103,000 sq. ft. warehouse in Hialeah.

For the entire ComReal Miami Commercial Real Estate 3rd Quarter Industrial Division Report please visit