C-Air Brokers & Forwarders, a logistics company, has renewed its lease for a 56,420-square-foot warehouse located at 5959 Northwest 35th Avenue in Miami's Brownsville neighborhood. The lease renewal comes after the company has been operating from this location since 2012. The property, owned by RPR Hialeah II, is part of the strong industrial leasing market in Miami-Dade County, known for its low vacancy rate of 1.1% and an average asking rent of $14.91 per square foot as of Q1 2023.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not Applicable
• Address: 5959 Northwest 35th Avenue, Miami
• Tenant: C-Air Brokers & Forwarders
• Landlord: RPR Hialeah II
• Tenant's Representative: Jeff Hartsook & Adam Talbot - Cresa
• Landlord's Representative: Thomas Kresse - Transwestern
• Asking Rent: $17 per square foot
• Total Square Footage: 56,420
• Market: Miami

The lease renewal was facilitated by Thomas Kresse of Transwestern, who represented the landlord, RPR Hialeah II. On the other hand, Jeff Hartsook and Adam Talbot of Cresa acted as the tenant's representatives. This deal highlights the ongoing demand for industrial spaces in Miami's thriving market, as businesses seek to secure suitable warehouse facilities in a highly sought-after location.