More than 45M SF of speculative industrial development delivered in the first quarter without a tenant in place, according to Cushman & Wakefield.
Prologis, one of the largest industrial REITs, may not be immune to the headwinds facing the industry.
Amazon has submitted plans for new facilities in states across the country.
Gov. Gavin Newsom has until Sept. 30 to either sign or veto the bill.
Houston broke its 1M SF industrial lease slump when BroadRange Logistics signed for the largest building at Conroe Park North.
The agreement will raise workers' wages by 62%.
Efforts to bring even more manufacturing home could supercharge the overflow benefits of brisk border trade.
2024 is the year of the Chinese 3PL as consumers clamor for cheap goods, tariffs hover and other leasing slows down.
Newmark's Scott Berfas speaks on the state of the market in Long Island, how developers and owners are facing challenges, and the region's future.
Analysts don't see a positive turanaround coming in the industrial sector anytime soon, they wrote in a note about the downgrade.
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