Houston's industrial leasing demand dropped more than twice as much as its delivery pipeline this quarter, pushing vacancy higher.
The projects are often up against multiple challenges, including zoning and picky neighbors, but they can be attractive for the right owners.
Invesco calls last-mile logistics a "compelling sub-sector."
Developers completed a record 607M SF of U.S. industrial projects in 2023, leading vacancy to reach its highest level since 2016, according to Colliers.
Despite a freight recession and a softening industrial market, industrial outdoor storage real estate is poised to perform in 2024.
Houston's industrial market appeared to be slowing down, then October brought the year's highest leasing volume.
Barbara Perrier has been an industrial specialist in Southern California since the 1980s.
Industrial activity has retreated from pandemic-era highs but remains resilient even as a record amount of new inventory comes online.
The company on Thursday reported that it operates nine distribution centers across the U.S. and has six more under construction.
CBRE hired a team from Savills to join its Houston industrial and logistics group.
We're not asking for your money. This is not a step towards a paywall. Our news is free and we intend to keep it that way.