Large pre-leases are rare these days as the industrial market cools.
Occupancy across Rexford's portfolio was 98% last quarter.
The addition of three Miami brokers comes after SRS Industrial expanded from Dallas into Atlanta and Southern California.
Greenleaf is taking a cost-effective approach to converting abandoned office spaces in Atlanta into thriving and affordable flex spaces.
Although the industrial construction pipeline is active, it has slowed from its peak a couple of years ago, another indication of normalization.
The amount of new industrial development delivering last quarter was up 21% from 2022, per JLL, but the pre-leasing rate for that space dropped dramatically.
The portfolio comprises more than 300K SF of Class-B properties in Garland, Farmers Branch and Carrollton.
Developers delivered 12.8M SF of industrial space to Chicago in Q3, the highest quarterly volume since the first quarter of 1999.
Floor & Decor said it will hire 165 people as part of the expansion, which brings its total footprint to 2.8M SF at the eastern Baltimore County campus.
Common electrical gear like switchgears, transformers and circuit breakers have been in short supply since Russia invaded Ukraine in 2021.
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