The majority of importers are small-businesses, but many of the landlords of smaller spaces said their tenants have found workarounds, at least short-term.
The same company made two nearby purchases at the end of 2024.
New leasing slipped 7% quarter-over-quarter, but industrial vacancy held flat as the pace of new construction deliveries slowed.
Richard Prokup, U.S. CEO at Mapletree, a CRE development, investment, capital and property management firm, will speak at Bisnow's Midwest Industrial Summit.
Chancerygate has ramped up its industrial expansion after acquiring a 17-unit portfolio from LGIM as it also continues to develop new space.
Merritt Properties is working with JLL to secure refinancing for the 6.2M SF portfolio in the Baltimore region.
Average deal size increased 20K SF for the top 100 leases last year.
Investor competition for industrial properties, particularly shallow bay space, is on the rise, and leasing activity has continued at a healthy pace.
An Ares Real Estate fund scooped up an industrial portfolio consisting of fully leased properties in Arlington, Fort Worth and Northlake.
Land & Buildings Investment Management estimates there is a 30% upside in First Industrial Realty Trust's shares to its underlying asset value.
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