Market activity also comes as nearly 500,000 square feet of active new-to-market requirements are being tracked across Miami-Dade, according to Blanca’s Q1 Miami Office Market report, signaling a strong pipeline of future demand as companies continue to expand and relocate within the region.
Prior to joining Lee & Associates South Florida, he served as Senior Associate at Apex Capital Realty and worked closely with CBRE, managing a national bank portfolio spanning three states and 150 locations.
The $11,150,000 price tag is one of the highest purchase prices that the area has seen, according to APEX Capital Realty.
The developer recently announced plans for Evolve Wynwood, a 141-unit apartment building that will offer market-rate rentals in the Wynwood neighborhood.
The transaction marks one of the highest sales for industrial land in North Fort Lauderdale.
Edge 22 is composed of a single land parcel spanning 1.64 Acres and is zoned T6-36A-O and falls within a federally designated opportunity zone.
This site is composed of a 5,206-square-foot single tenant retail building sitting on a 46,494-square-foot lot.
The site is currently zoned for T6-24A-0, which will allow for a building up to a height of 48 stories. The site is also located within a federally designated Opportunity Zone.
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