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While still niche, the trend has the potential to accelerate as more office debt matures.
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As Mayor Adams seeks to push a series of policies aimed at relaxing zoning across the finish line, a concession could have a knock-on effect for e-commerce.
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Warehouse vacancy rose above 5% at the close of 2023 as tenant demand normalized from pandemic heights.
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DFW's more than 613M SF in total distribution and warehouse space helped beat out Phoenix, Arizona and Savannah, Georgia at No. 2 and No. 3, respectively.
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Market and political forces applied downward pressure on industrial construction, which is bottoming out as the economy approaches a potential turning point.
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Clean vehicle mandates, federal funding and a transformer shortage are all boosting hydrogen's presence as a fuel in the Houston industrial market.
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The country's 2023 industrial vacancy rate popped above 5% for the first time in three years.
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Despite another month of high industrial vacancy, analysts predict fewer deliveries will balance things out in the months ahead.
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Developers are beginning to build warehouses on office sites, but hurdles related to zoning and vacancy will likely prevent the trend from becoming a panacea.
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The investor completed a pair of refinancing deals: a $493M first-of-its-kind single-asset, single-borrower CMBS loan and a $215M balance sheet loan.
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