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Denver’s industrial market is stabilizing as speculative development slows, vacancies peak and investor focus shifts.
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The longer the uncertainty persists, the greater trouble it could cause for the greater LA industrial market.
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EQT Real Estate has sold a Raleigh industrial building in a $28.4M deal.
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DH Property Holdings will demolish a vacant office building that is on the property to make way for a 85K SF urban infill development.
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A new special permitting process, along with a decade of rezonings, has halted industrial development.
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Third-party logistics firms are still the most active occupiers in the market.
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Pennsauken Logistics Center is a 930K SF industrial complex at 8600 and 9000 River Road in Pennsauken Township, New Jersey, encompassing 50 acres.
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The three properties sold to three different buyers.
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Despite setbacks, federal funding cuts and tariff uncertainty, factory sites are expected to remain in high demand.
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U.S. industrial vacancy climbed to 7.1% to end the first quarter, but it's expected to peak this year as a wave of new construction is absorbed.
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