The Real Deal Miami

Western Miami-Dade industrial market heats up

December 04, 2013 04:30PM

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8333 Downtown Doral Building and Tony Puente

The largely industrial real estate scene in the Airport West and Doral sections of Miami-Dade County is picking up steam.

Full-service office buildings in the area ask between $45 and $50 per square foot, Tony Puente of Fairchild Partners told Miami Today. The 8333 Downtown Doral building at 8333 Northwest 53rd Street, however, asks $31 per square feet for its vacant office space.

Also, companies are increasingly negotiating for more space in a particular building.

“The majority are logistics companies looking to increase the functionality of their space or perhaps relocate to a newer facility with wider space,” said Chris Sutton, who serves vice president of business development at the Global Logistics Center in Flagler.

The largest development headed for Western Miami-Dade County is the Florida Department of Transportation’s $2 billion transportation hub that would connect each county in South Florida as well as the Florida Keys. [Miami Today]Mark Maurer

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