{"id":1004748410,"date":"2025-02-24T13:02:33","date_gmt":"2025-02-24T21:02:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004748410"},"modified":"2025-02-24T13:02:35","modified_gmt":"2025-02-24T21:02:35","slug":"prologis-taps-colliers-to-lease-miami-area-business-park","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/prologis-taps-colliers-to-lease-miami-area-business-park\/","title":{"rendered":"Prologis Taps Colliers to Lease Miami-Area Business Park"},"content":{"rendered":"\n<p>Prologis has assigned to Colliers South Florida the leasing of its Prologis Miami International Tradeport, a 10-building, 1.7 million-square-foot master-planned Class A business park in the Medley submarket of Miami-Dade.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/Prologis-Miami-International-Tradeport-2.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"801\" height=\"600\" data-attachment-id=\"1004748411\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/prologis-taps-colliers-to-lease-miami-area-business-park\/prologis-miami-international-tradeport-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/Prologis-Miami-International-Tradeport-2.jpg\" data-orig-size=\"801,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1727180643&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Prologis Miami International Tradeport 2\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Miami International Tradeport comprises 10 Class A buildings in Medley, Fla. Image courtesy of Colliers &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/Prologis-Miami-International-Tradeport-2.jpg?w=801\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/Prologis-Miami-International-Tradeport-2.jpg\" alt=\"Miami International Tradeport comprises 10 Class A buildings in Medley, Fla. \" class=\"wp-image-1004748411\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/Prologis-Miami-International-Tradeport-2.jpg 801w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/Prologis-Miami-International-Tradeport-2.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/Prologis-Miami-International-Tradeport-2.jpg?resize=768,575 768w\" sizes=\"auto, (max-width: 801px) 100vw, 801px\" \/><\/a><figcaption class=\"wp-element-caption\">Miami International Tradeport comprises 10 Class A buildings in Medley, Fla. <em>Image courtesy of Colliers<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Miami International Tradeport is at 11130-11450 N.W. 122nd St. in Medley, Fla., just east of the Florida Turnpike and south of Okeechobee Road. The location provides easy access to Miami International Airport, PortMiami and major highways.<\/p>\n\n\n\n<p>The buildings reportedly are suitable for logistics, distribution and manufacturing users and feature 30- to 36-foot clear heights, 54-foot column spacing and 130-foot non-shared truck courts, as well as ESFR sprinkler systems, LED lighting and ample parking.<\/p>\n\n\n\n<p>Colliers\u2019 EVP Erin Byers, Senior VP Lauren Pace, VP Ruben Suarez and EVP Steven Wasserman will be marketing the property, which has available spaces ranging from 34,000 to 140,000 square feet.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-mixed-picture-for-miami-dade-s-industrial-market\">Mixed picture for Miami-Dade&#8217;s industrial market<\/h2>\n\n\n\n<p>The Miami-Dade industrial real estate market has seen net absorption fall to a negative 750,000 square feet over 12 months, as average vacancy has risen from 2.0 percent in 2022 to 5.5 percent at the start of this year, according to a January <a href=\"https:\/\/www.smith-cre.com\/our-blog\/miamis-industrial-market-a-strategic-hub-for-logistics-and-trade\" target=\"_blank\" rel=\"noreferrer noopener\">newsletter from Smith Commercial Property Group<\/a>, of Doral, Fla.<\/p>\n\n\n\n<p>\u201cTenant demand is slowing and rent growth has moderated after a sharp rise of 31.9 percent over three years,\u201d Smith reported. \u201cDespite these challenges, Miami remains a vital logistics hub with strong international trade links through its airport and port. Supply constraints, driven by geographical barriers like the Everglades, keep vacancy rates below the U.S. average, and rent growth is expected to pick up by 2026.\u201d<\/p>\n\n\n\n<p>This past November, <a href=\"https:\/\/www.commercialsearch.com\/news\/bgo-pays-60m-for-miami-cold-storage-facility\/\">BGO Cold Chain acquired<\/a> Medley Cold Logistics, a 178,000-square-foot Class A cold storage facility in Medley, Fla., from Truist Securities for a reported $60 million. JLL arranged the deal for Truist. The one-story warehouse at 7600 N.W. 82nd Place is fully occupied by Quirch Foods.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The development includes 10 Class A buildings.<\/p>\n","protected":false},"author":882,"featured_media":1004748411,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21748,1492,21742,32781],"tags":[35498,32956],"class_list":["post-1004748410","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-industrial","category-miami","category-latest","category-southeast","tag-colliers","tag-prologis"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Prologis Taps Colliers to Lease Miami-Area Business Park - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Prologis has selected Colliers South Florida to lease Prologis Miami International Tradeport, a 10-building business park in Miami-Dade.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/prologis-taps-colliers-to-lease-miami-area-business-park\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Prologis Taps Colliers to Lease Miami-Area Business Park\" \/>\n<meta property=\"og:description\" content=\"Prologis has selected Colliers South Florida to lease Prologis Miami International Tradeport, a 10-building business park in Miami-Dade.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/prologis-taps-colliers-to-lease-miami-area-business-park\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-24T21:02:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-24T21:02:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/Prologis-Miami-International-Tradeport-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"801\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/prologis-taps-colliers-to-lease-miami-area-business-park\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/prologis-taps-colliers-to-lease-miami-area-business-park\/\",\"name\":\"Prologis Taps Colliers to Lease Miami-Area Business Park - 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