{"id":1004494714,"date":"2020-12-08T03:55:12","date_gmt":"2020-12-08T11:55:12","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004494714"},"modified":"2021-10-28T23:59:23","modified_gmt":"2021-10-29T07:59:23","slug":"top-5-florida-markets-for-industrial-development","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/top-5-florida-markets-for-industrial-development\/","title":{"rendered":"Top 5 Florida Markets for Industrial Development"},"content":{"rendered":"

Despite most commercial asset classes facing strong headwinds, industrial demand<\/a> is as high as it\u2019s ever been. With this year\u2019s shift toward online shopping, e-commerce giants like Amazon continue to grow, while many brick-and-mortar retailers are investing more and more into supplementing physical footprints with an online presence. Florida\u2019s industrial markets have benefited not only from this shift but also from relatively steady sea cargo volume, even as the United Nations Conference on Trade and Development projects a 4.1 percent global decline this year.<\/p>\n

Florida’s industrial developers have taken note: CommercialEdge shows nearly 14.9 million square feet underway, or roughly 2.3 percent of completed inventory, with close to one-third slated for delivery by year-end. That\u2019s on top of the 17.6 million square feet already delivered through mid-November. Last year\u2019s completions, by comparison, totaled 16.6 million square feet.<\/p>\n

The table below uses CommercialEdge data to highlight the five Florida markets with the highest levels of industrial development.<\/p>\n