The country's 2023 industrial vacancy rate popped above 5% for the first time in three years.
Despite another month of high industrial vacancy, analysts predict fewer deliveries will balance things out in the months ahead.
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.
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.
Vacancies are up, but the slowdown brings breathing room.
Chicago leads the nation in office-to-industrial conversions by a significant margin, but developers are starting to face opposition from area residents.
Austin’s industrial sector is experiencing some market challenges, but professionals at Catamount Constructors remain optimistic for the market's future.
A glut of spaces larger than 100K SF is driving up vacancy rates, with another 6M SF of space under construction that is only 10% preleased.
Industrial vacancy drops everywhere but in the city proper, Tourmaline moves into the life sciences sector, and more in this week's Philly Deal Sheet.
The portfolio consists of 48 properties totaling 3M SF of industrial real estate in Southern California.
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