Ask Miami industrial park developer Ernesto Cambo what he sees as the overarching trends in South Florida industrial real estate, and he’ll tell a story where “pressure” is a key term: “Land pressure. Demand pressure. Institutional pressure.”
Cambo, a principal whose cpf Invesment Group LLC is developing 178 acres west of Opa-locka Executive Airport as an industrial megapark, was not alone in using that word. Brokers, leasing agents and developers interviewed by the Daily Business Review all agree the South Florida industrial market is facing a squeeze—in a good way for supply siders—as demand from the growing international trade and logistics sector pushes against the potential for long-term scarcity of industrial infrastructure.
