The South Florida region, with a population of 6 million, is the ninth-largest metropolitan area in the U.S. An increasingly important center for regional and international logistics and distribution, South Florida is home to several large and rapidly growing cities, including Miami, Fort Lauderdale, West Palm Beach and Boca Raton.
The region’s burgeoning population fuels consumption, which, in turn, drives demand for logistics real estate. In addition, South Florida is a gateway market and strong center for trade, which comprises about 30 percent of the region’s employment. An extensive rail and highway network, including Interstate 95 and the Florida Turnpike, connect South Florida to the Eastern Seaboard and the South.
Prologis has multiple warehouse and industrial real estate properties in the South Florida area.