In addition, while somewhat lackluster during the past four years, the Latin American economies have turned positive, and gross domestic product across the region is projected to remain so through 2021, increasing demand for space in the already tight Airport West and Medley submarkets.
MIAMI – Miami-Dade County’s industrial market vacancy rate remained low in first quarter 2018 at 4.8 percent, with rates in nearly all submarkets posting in the single digits. As a result,