The Real Deal Miami

SF industrials stabilizing from port traffic

March 10, 2010 11:38AM

Industrial occupancy rates in Miami and Fort Lauderdale have gotten back on track, largely due to their position as port cities, according to a new report by Colliers International. In its Port City Industrial Markets White Paper, the firm reports that export traffic in Port Everglades/Fort Lauderdale has been steadily increasing, and that there will be a benefit to export-intensive ports from increased demand for industrial space. Steven Wasserman, manager at local Colliers Abood Wood-Fay, said South Florida will profit from Latin American development and increased shipping volume as Port Everglades dredges and expands. He said the Port of Miami will also grow in tonnage. TRD