Western Miami-Dade industrial market heats up

8333 Downtown Doral Building and Tony Puente
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.

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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