Trade between U.S. and Latin American countries is boosting industrial real estate

Trade between Latin American countries and the United States is shaping South Florida’s industrial market. The amount of exports and imports traded increased by 9.1% year-over-year in 2018 up to 2.4 million tons, according the 2019 South Florida Industrial Market Outlook report by Houston-based commercial real estate firm Transwestern. South Florida seaports including PortMiami, Port Everglades and Port of Palm Beach saw an increase by 15.2% year-over-year in 2018 up to 18.9 million tons. The trade activity will draw more interest to industrial real estate in Miami-Dade County, Walter Byrd, executive managing director for Florida operations at Transwestern Commercial Services, said.