As high-net-worth (HNW) investors zone in on commercial real estate opportunities for 2019, Opportunity Zones, multifamily, marijuana, retail and industrial are emerging as some of the key areas to watch.
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.