The winds of change are reshaping Miami-Dade’s commercial landscape, especially in the suburbs, and I'm thrilled to witness the transformation!
🌟 Bridge Industrial is turning the former Ryder HQ into a state-of-the-art warehouse complex that speaks volumes about smart growth and sustainability.
Highlights:
☑ Two LEED-certified warehouses totaling 326,448 sq ft
☑ 32-foot ceiling heights offering incredible vertical space
☑ Delivery expected 3Q2025
This project isn't just about square footage; it's about adapting to the evolving demands of the market. We're seeing a shift from expansive office spaces to efficient industrial developments, reflecting changing work patterns and market needs.
📊 According to Colliers' Q2 report, Miami-Dade's industrial market is showing incredible resilience! Vacancy rates held steady at 4.3%, while average asking rents reached $17.11/sq ft NNN. Despite a surge in new supply, demand remains strong with significant leasing activity and most new properties expected to be fully occupied by mid-2025. The market is adapting and evolving, showcasing its strength and stability. For more detailed insights, check out the full report: https://lnkd.in/dvBjKnQc
🔍 What does this mean for Miami-Dade's future? It's this fascinating trend, suggesting that the demand for warehousing and logistics is outpacing traditional office space needs? This shift not only supports business growth but also highlights the importance of sustainable and smart building practices. Let's discuss!
Read more about this exciting project in the South Florida Business Journal https://lnkd.in/g2in7ZXB
#MiamiCommercialRealEstate #IndustrialDevelopment #SouthFloridaCRE #WarehouseSpace #SustainableBuilding #MiamiDadeGrowth #MiamiCorporateRE
We are thrilled to announce the start of demolition to pave the way for Bridge Point Flagler Station, a state-of-the-art, LEED-certified industrial complex in South Florida. This development is transforming the former headquarters of Ryder System and will enhance the area’s infrastructure, while driving economic growth and environmental sustainability in the local community.
To learn more about this transformative project and hear insights from our Southeast Region Partner, Kevin Carroll, read our feature in the South Florida Business Journal: https://lnkd.in/g2in7ZXB
#BridgeIndustrial
Demolition starts on former Ryder headquarters - South Florida Business Journal
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