REPORT: Smaller Industrial Properties Yield Greatest Gains
NAI Miami recently completed its first Quarterly Report for Fourth Quarter 2012.
The report provides market data for the Miami-Dade market, highlighting the office, industrial, retail and investment markets, and includes major sales and lease transactions, sector trends, as well as next quarter predictions.
One of the more notable observations: The fourth quarter of 2012, saw the industrial sector improve across much of Miami-Dade County. There was significant activity in the market for smaller properties while most larger properties were stable. But whether that trend will continue remains to be seen.
“Due to the influx of capital from Latin America and Europe; low interest rates; and the increases in Miami’s infrastructure including the port, railway, and highway expansion- there will be an upswing in the industrial sector but not as significant as in 2012,” said Gabriel Garcia-Menocal, Executive Director with NAI Miami.
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