Miami Today Discusses Doral Multi-story Warehouse Proposals with Matthew Rotolante

Multi-story Doral warehouses proposed

 

Doral’s commercial industrial rental rates has seen a climb to the point where multi-story vertical warehousing projects are being considered, according to local real estate experts.

The process of developing and planning vertical warehouses is more expensive for owners due to specific accommodations to operate, said Matt Rotolante, president of Lee & Associates South Florida.

“In order for a multi-story warehouse, which has been feasible in New Jersey, ramps need to be created for the trucks to get in and out without too many issues,” he said, “and in order to accommodate all that, you have to have rental rates that are high enough where such a project becomes feasible. We’re definitely getting to that point.”

E-commerce style companies, like Amazon, are taking up large boxes to support the amount of demand and traffic their websites are creating, Mr. Rotolante added.