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Experts say investors are willing to pay up for IOS since there has been little to no new supply growth despite demand.
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Two new industrial parks are coming to space-starved Chicago suburbs.
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Amazon has shifted away from leasing toward developing and owning in the last 18 months.
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Cabot Properties Inc. sold the Value Fund V portfolio, which includes 124 industrial properties.
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Industrial service facilities are in high demand due to e-commerce, but cities discourage the development of new sites, and that's good news for investors.
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Because rent growth is so massive, it might have gone for even more if it were vacant.
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Since 2020, Amazon has reportedly spent $2.3B buying more than 5,000 acres.
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Amazon is pulling back, but look for the rest of the industrial world to make up the gap, Duke said in its Q1 earnings
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The developer is partnering with a local firm for the project.
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Three of the five initial companies receiving Amazon funding are focused on robotics.
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