written by on January 24, 2023
  • miamitodayepaper.com


Below are some FYIs in this week’s edition. The full content of this week’s FYIs and Insider section is available only by subscription. to subscribe click here,

Increase in industrial rent: The asking rent rate for manufacturing space in Miami-Dade County hit a four-year high of $10.89 per square foot, as industrial space vacancy in general fell to its lowest level at 2.1%, according to a year-end market report from Colliers. has reached , With 228.2 million sq ft of industrial space and 6 million more in construction, overall vacancy fell to 2.1% from 5% in Q2 2020 as the pandemic took hold. In the wholesale sector, the average fare has risen to a high of $12.90 from $10.58 four years ago. The county’s industrial market now includes 5,422 buildings.

FPL demands hike in bills: Florida Power & Light said Monday it will ask the state Public Service Commission for approval to collect $1.3 billion from customers to recoup costs related to Hurricane Ian and Hurricane Nicole. It will also seek to collect about $2.1 billion in 2022 due to higher natural gas prices — though that will be partially offset by lowering FPL’s expectation of collecting 2023 gas costs to the tune of $1 billion. For many customers the proposals will come on top of increased bills taking effect this month and additional hikes taking effect in February. FPL will collect hurricane-related costs over 12 months and 2022 fuel costs over 21 months. This will apply an offset to the fuel cost of 2023 over nine months.

School board short terms: A day after Govt. Ron DeSantis Idea supported, Rep. Alex Rizzo Hialeah filed a resolution Tuesday to impose an eight-year term limit on county school board members. Lawmakers passed a measure last year that included 12-year term limits for school board members.

Petition for river assistance: The Miami River Commission, which has not received state funding since prior Gov. rick scott After three years of state aid vetoed the legislature’s appropriation in June 2017, Miami-Dade is drawing support from commissioners, who last week unanimously urged the legislature to make funding for the river work available again . In the last legislative session the appropriated money was again vetoed, this time by Gov. Ron DeSantis, The River Commission, which was created by the state, works to improve the environment and economy of the river area, operates a water purification vessel service, removes dumped material and removes underwater plants and Buys plants, mulch and dirt for river beautification. Miami-Dade County, the City of Miami and the Miami Downtown Development Authority pay about half of the cost of the river commission’s work.

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