State Street Realty - State Street Realty Closes More Than 1,100,000-SF Of CRE Transactions Valued At More Than $56 Million
State Street Realty Closes More Than 1,100,000-SF Of CRE Transactions Valued At More Than $56 Million
State Street Realty, a leading Miami-based brokerage and advisory firm, is taking full advantage of a strong and robust South Florida commercial real estate market.

The firm recently completed an impressive thirty-one (31) warehouse and office lease & sales transactions totaling over 1.1 million square feet with a value of over $56,000,000. These commercial real estate transactions were all completed throughout the South Florida area.
 
South Florida’s industrial real estate market is experiencing strong leasing activity, low vacancy rates and asking rent hikes. Also, industrial investment activity in Miami-Dade has exceeded $2.5 billion since 2020. Institutional investors are keen to own recession-proof warehouse properties equipped to handle large tenants specifically in the e-commerce industry. Such tenants continue to expand as a result of online retail consumer demand. Surging demand for warehouse space nearby major airports and seaports is making industrial space harder to find and more expensive. The readiness and availability of warehouse space has now become the top priority for occupiers of industrial space.