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South Florida

Port of Miami seeing growth

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Real estate around ports like the Port of Miami are leading the
industrial real estate recovery in the U.S., with the Port of Miami
doubling net absorption to 814,889 square feet in the first six months
of 2011, compared to 404,454 square feet in the same period in 2010.
“Even with a myriad of global economic challenges, seaport industrial
real estate has continued to retain its premium value over inland
industrial locations,” said John Carver, head of Jones Lang LaSalle’s
Ports Airports and Global Infrastructure team, in a statement. He said
rising leasing volumes and demand for warehouse space at hubs like the
Port of Miami were driving the recovery. [SFBJ]

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