While new office construction has been robust so far in 2018, next year developers might begin pulling back, according to David Bitner, head of Americas capital markets research with real estate services firm Cushman & Wakefield. He cites rising construction costs, concerns about the end of the real estate cycle and zoning issues as the reasons.
Nestlé Waters North America will be filling up a new warehouse at the Airport North Logistics Park, according to a release.
The company inked a 257,000-square-foot lease at 8501 Northwest 80th Street, representing nearly one third of the space at the 900,000-square-foot, three-building logistics park in northwest Miami-Dade.
It’s every developer’s dream: Amazon announced Thursday that it was looking to build a second headquarters in a new city, spending up to $5 billion to construct and operate a space that would hold 50,000 employees.
The company is already taking proposals for the project from states and municipalities looking to add jobs.
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