Entertainment and warehouses don’t typically coexist, but Florida is about to see a revolution in the way it thinks of industrial parks. With the rise of e-commerce fueling a surge in industrial demand, savvy developers are learning it takes more than picnic tables to keep tenants happy, especially in cases where the workforce is on property around the clock. This is giving way to a new type of asset where industrial space is being… Read More
We sat down with JLL Associate, Ryan Vaught, to learn about the challenges being presented in the Tampa industrial real estate market.What is the largest challenge facing Tampa’s industrial market today?
Year-end vacancy in the Tampa market is at an all-time low, most notably in Pinellas county. There is a clear lack of available space, and the small amount of space that is available is not of a high quality. For this reason, tenants are… Read More
To many leading experts, the future of Florida’s commercial real estate market lies within the industrial sector. At a recent CRE panel, Scott Gregory, Vice President of Prologis, a global leader in industrial real estate development and logistics, explained that advancing technology is a driving factor behind a surge in industrial activity.
One way new technologies effects on the industrial market and logistics has been the rise of e-commerce, particularly as it relates to next… Read More
Warehouses once were dank, dark facilities, often located in industrial areas where few people would want to spend much time. But warehouses, particularly in Florida, are embracing new building and design specifications that are changing the long-established perception that these structures simply exist as a place where cargo stays put.
Companies can no longer afford to simply house goods and materials long-term. If cargo sits too long in one place, the logistics provider loses money.
To… Read More
Remember when merchants everywhere were racing to have an online presence? Fast-forward a few years to an e-commerce market that has become so saturated that is it exceedingly difficult for new products to stand out. The solution: a return to the traditional brick and mortar.
More than 20 US e-commerce companies are estimated to have launched a physical presence in the past year. The ability to provide a hands-on shopping experience, personally connect with customers, and offer buyers the instant gratification of walking out of the store with… Read More
JLL hosted its latest Pulse360 event in Orlando this month, gathering institutional property owners, lenders, developers and top commercial real estate brokers for a panel discussion on the latest trends impacting the region’s real estate market and forecasting what’s ahead for Orlando. The panelists touched on topics ranging from urban infill neighborhoods, the increasing influence of Millennials in the market,… Read More
JLL took the pulse of South Florida’s commercial real estate market at its inaugural Pulse360 event this month in Miami, where institutional property owners, lenders, developers and top CRE brokers gathered for a panel discussion to shed light on key trends to watch in the local real estate market. The panelists touched on just about everything – ranging from shifting investment from Latin America, the impact of loosening Cuba-US relations on future real estate… Read More
A distinctive analysis of seaport-centric industrial space in gateway U.S. real estate markets
Observing the influence of global economic drivers, including trade and cargo flows, socioeconomic and political factors, as well as port capacity and infrastructure investment, the report provides both a macro overview of current trends impacting the domestic sector in addition to detailed information on major seaports. Read the full report here.
Some key takeaways: … Read More
Amid significant challenges the Panama Canal Expansion project moves forward
Given the magnitude of the Panama Canal expansion project, there were bound to be some obstacles, as was the case when the United States built the Canal a century ago. Instead of mudslides and malaria, the new challenges are centered around a financial dispute, with the consortium of European construction firms (GUPC), and the Panama Canal Authority (ACP) butting heads over who should pay the… Read More