In this article are South Florida’s biggest industrial leases of 2022

Even larger is greater when it arrives to South Florida industrial leases.

Across Miami-Dade, Palm Seashore and Broward counties, important shops and transport companies like Focus on and FedEx leased 2.8 million sq. ft of industrial space in the largest leases of 2022, far outstripping very last year’s total of 2.2 million square toes.

Amazon was notably absent from this year’s roundup of the major 10 leases. The e-commerce big clinched 3 of the major 10 spots very last year. In May, information broke that Amazon sought to sublease at least 10 million sq. feet of its current area — a reversal from its pandemic-period observe of gobbling up as much room as feasible.

The regular lease measurement of the best five leases this yr arrived to 362,000 square ft, which is above last year’s 258,530 square ft, but even now down below 2019’s regular of 449,000 square feet.

Here’s a breakdown of the top five industrial leases signed this 12 months in South Florida.

Imperial Bag & Co., Hialeah, 506K sf

5 out of the major 10 largest leases were being inked for houses in Hialeah, with New Jersey-centered Imperial Bag & Paper Co. (ImperialDade) getting the leading spot, both equally in Hialeah and over-all. In the 2nd quarter, enterprise representatives signed a lease for 506,000 sq. toes at Countyline Company Park on Northwest 102nd Avenue in Hialeah. The enterprise distributes janitorial provides and food support packaging.

FedEx Floor Offer System, Medley, 501K sf

FedEx leased 501,000 sq. feet in Medley in the initial quarter. It’s the only non-Hialeah lease in the leading 5. The shipping behemoth took in excess of 1 of the warehouses at Miami 27 Enterprise Park at 10300 Northwest 121st Way, in accordance to printed reports. FedEx has lengthy been fascinated in South Florida industrial attributes. Very last yr, Industrial Outdoor Ventures outbid FedEx for the 38.5-acre web-site at 3055 Burris Highway in Miami. The successful bid was $64M.

FreezPak Logistics, Hialeah, 312K sf

FreezPak Logistics took this year’s 3rd greatest lease at the very same Countyline Company Park in Hialeah as Imperial Bag & Co. It signed a lease for 312,000 square feet in March. This is the first South Florida locale for the New Jersey-based cold and dry-storage company.

Entire world Electric powered/Sonepar, Hialeah, 267K sf

In the fourth place, Planet Electrical leased 266,760 sq. toes at Beacon Logistics Park at 4220 West 91st Area in Hialeah through the 1st quarter. A subsidiary of South Carolina-centered Sonepar, North Miami Beach front-primarily based Earth Electric powered in September announced it inked a deal to receive Advance Electrical to enhance the company’s presence in Atlanta. The enterprise specializes in small business-to-business electrical companies and devices.

All Florida Paper, Hialeah, 227K sf

Medley-centered All Florida Paper signed the fifth most significant lease of the 12 months, during the 3rd quarter. It took 227,700 sq. toes at Beacon Logistics Park at 4120 West 91st Put in Hialeah. All Florida Paper is a wholesale distributor launched in 1993, in accordance to the company’s website.