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Industrial Property Values Sink By 9% As Demand Dries Up
Compared with a year ago, all CRE pricing is down 7%.
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Compared with a year ago, all CRE pricing is down 7%.
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Amazon is planning its offense for a 2024 full of pushback to Inland Empire and SoCal industrial facilities.
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Despite a slowdown in space takeup in Q3, Dublin's industrial and logistics sector saw vacancy rates fall and rents rise.
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Two major industrial and logistics schemes have been granted planning permission for sites in Rainham and Tunbridge Wells.
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The properties, sold in five separate deals, span the Atlanta, Dallas-Fort Worth, Chicago, Lehigh Valley and Central Pennsylvania regions.
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Denver’s industrial market was red-hot during the height of the pandemic, which led to a surge of new development.
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The property will be ready in Q3 and hopes to serve users that need access to the Ports of LA and Long Beach.
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The market is coming back down to earth, researchers say.
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Miami-Dade saw 2.1M SF of leasing activity in the third quarter, with Broward County nearly matching it at 1.9M SF despite having less inventory.
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In Allen, Texas, 121 Technology Park aims to be one of the Dallas area's premier industrial parks with a focus on technological manufacturing.
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