What's Going on with the Local Industrial Market in Miami? An Agent's Perspective
by Spencer Lobban
2/8/08

Being relatively new to the field of Industrial sales and leasing, I often try to find information that will help me quickly ascend to the top of the ranks. Having a background in technology, this information usually comes from the Internet. With that said, all research that I've done indicates that the local Industrial market is on a downward trend.

At first, I felt somewhat fearful of my fate as an agent and was starting to question if I had made the right decision entering Industrial brokerage. After all, I could always go back into real estate technology, where I had been for about 10 years. Alas, I decided to forge on into the dark night of commercial real estate. As the days passed, I realized that activity for me was still doing well. How could this be I asked? It was for a very simple reason. Leasing activity for warehosuses in Miami was still comparatively strong.

Miami seems to be a desirable location for many companies due to its strong relationships with many central and south american countries. Geographically speaking, Miami is probably better positioned to due business with these countries than any other state in the United States. This is compounded by the fact that Miami has an international port in the Port of Miami, as well as an International airport, the Miami International airport. Both of these provide easy access for companies looking for a distribution point in Miami. With industrial vacancy rates increasing slightly and Miami warehouse rents stabilizing this year, it seems as though I'll not have to abandon my quest to be the top of my field after all.

Would you like to submit an article to www.warehousesinMiami.com? Please contact us or feel free to post on our blog.