Move to Miami by Global Logistics Company Will Buoy Real Estate Market

by Isaac Benmergui, Esq on June 14, 2012

Miami-Dade’s real estate market will get a further boost, once Jones Lang LaSalle moves its Ports, Airport and Global Infrastructure (PAGI) group to South Florida. The firm feels the move will better serve its clients and the growing volume of port traffic on the Eastern Seaboard. Currently the PAGI group is acting as advisor to the Florida Inland Port, which is Florida’s first rail-based, integrated logistics center.

With the Panama Canal expansion (slated for completion in 2015), traffic in east coast ports is expected to increase substantially, creating new opportunities for real estate investment and attraction. Investors are also keeping an eye on the expanding Miami real estate market, which is recovering faster from the housing bust than the rest of the nation.

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