Logistics company Ryder System hopes to sell its corporate headquarters near Miami, saying it needs less office space in a post-pandemic world.
Ryder System, a member of the Fortune 500, paid $42 million for the 16.8-acre campus at 11690 Northwest 105th Street in unincorporated Miami-Dade County in 2014, according to property records.
Two years into the pandemic, Ryder’s parking lots and cubicles remain mostly empty. Many of the 800 employees at the company headquarters have embraced remote work, Amy Federman, Ryder System’s vice president of corporate communications, told Commercial Observer.
Commercial real estate firm JLL is marketing the 238,420-square-foot office complex. JLL says the property could remain an office campus or be repurposed as industrial space.
Source: Commercial Observer
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