North Dade getting traction

Miami’s North Dade industrial submarket has emerged as a bargain alternative for businesses in the South Florida market. Cushman & Wakefield of Florida reported a trio of lease deals totaling more than 200,000 square feet of warehouse space with a combined value of at least $5.5 million. They said North Dade grants access to transportation centers. Tenants included Xpress Global Logistics and Red Bull Distribution. Asking rents in North Dade average around $5 per square foot, about half those in the more active Airport West submarket.