RCA MIAMI’s Discussion on the Future of Miami’s Industrial Buildings a Success; Expected Increase in Freight and Cargo Calls for Industrial Space Expansion

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More than 100 industrial and commercial real estate experts, port and cargo officials, and business development specialists attended an event on the future of Miami’s industrial buildings held by the Realtors Commercial Alliance of MIAMI Association of Realtors (RCA MIAMI) at PortMiami on May 31, 2013.

Michael Silver, 2013 RCA MIAMI President

Miami stands to see a greater quantity of freight and cargo entering through its port and airport in the years ahead . . . we we can expect to see increased demand for millions of square feet of industrial space for the warehousing and distribution.

More than 100 industrial and commercial real estate experts, port and cargo officials, and business development specialists attended an event on the future of Miami’s industrial buildings held by the Realtors Commercial Alliance of the MIAMI Association of Realtors (RCA MIAMI) at PortMiami on May 31, 2013.

The discussion, “South Florida as a Cargo Hub: Next Generation Industrial Buildings,” addressed the needs of Miami’s industrial buildings and warehouses in an effort to remain competitive against other major ports throughout the world as many infrastructure enhancements that affect local and global industry, like the PortMiami tunnel and rail system, its deep dredge project, and the Panama Canal expansion, near completion.

“Miami stands to see a greater quantity of freight and cargo entering through its port and airport in the years ahead,” said Michael Silver, RCA President and First VP at CBRE, who spoke at the event held in partnership with PortMiami. “Along with this, we can expect to see increased demand for millions of square feet of industrial space for the warehousing and distribution of these goods, and that’s what our discussion addressed.”

Silver and six other speakers—Eric Olafson, Manager, Intergovernmental Affairs/ Cargo Development, PortMiami; Stephen Beatus, Executive Vice President, Economic Development, Beacon Council; Daniel T. Marcus, Sr., VP of Development of Flagler at the South Florida Logistic Center; Barbara Pimental, Executive VP at Florida Custom Brokers & Freight Forwarders; Brian Sudduth, our Sr. VP of Preconstruction, Miller Construction, and Bruce W. Retzsch, AIA, Principal at RLC Architects Group, Inc.—talked about the foreign markets that presently trade and are expected to increase trade goods through PortMiami and Miami International Airport as well as the specific needs that they have in housing their goods in Miami’s warehouse facilities. They discussed the necessity to retrofit existing buildings to accommodate current warehouse standards as well as the new industrial buildings that are being developed, the types of features that new and existing industrial buildings require, and how REALTORS® can become more informed about these needs and changing trends. The purpose of the event was to become more knowledgeable of these needs and changing trends.

“It’s important to understand how Miami’s industrial buildings can stay up to speed with demand, which continues to grow,” said Edward J. Redlich, RCA president elect and VP at ComReal Miami, Inc. “This will better help our members create and market the next generation of industrial buildings to new international business enterprises, further boosting Miami’s commercial and residential real estate markets.”

About MIAMI Association of REALTORS
The MIAMI Association of REALTORS was chartered by the National Association of Realtors in 1920 and is celebrating 93 years of service to Realtors, the buying and selling public, and the communities in South Florida. Comprised of four organizations, the Residential Association, the Realtors Commercial Alliance, the Broward County Board of Governors, and the International Council, it represents more than 27,000 real estate professionals in all aspects of real estate sales, marketing, and brokerage. It is the largest local association in the National Association of Realtors, and has partnerships with more than 100 international organizations worldwide. MIAMI’s official website is http://www.miamire.com.

About RCA MIAMI
MIAMI REALTORS Commercial seeks to serve commercial members and to shape and unify the commercial real estate brokerage and service industry in South Florida. With more than 1,200 members, it is the only association of REALTORS dedicated exclusively to commercial real estate interest throughout Miami-Dade County. The Alliance provides member services, including a legislative voice, education opportunities, a code of ethics, and networking opportunities that provide enhancement of commercial REALTORS knowledge base and ability to service their clients. The Alliance conducts the Annual Commercial Real Estate Expo, the largest commercial expo in South Florida.

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