With vacancy as low as it currently is in the metro Charlotte industrial market, leverage has shifted toward the landlord’s side of the negotiating table, CBRE’s Frank Larsen tells us. “Large blocks of quality industrial space are a rare commodity, and landlords are being selective about to whom they choose to lease.” (More selective than The Bachelor.) Recently Frank, along with colleague Steve Lowe, repped Brooks Equipment Co in its 65k SF lease renewal at 2700 N Hutchinson McDonald Rd in Crosspoint Business Center. The current location, Frank says, turned out to be the best one.
Industrial Landlords Get Upper Hand
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