Memories of top-dollar sales from before the slowdown are keeping sellers and buyers divided.
Amazon's activity is a turnaround in industrial absorption for the e-commerce giant, which paused its voracious leasing after a flurry in 2020 and 2021.
Baltimore's industrial market posted the first quarter of net occupancy loss since 2017, according to JLL, but Class-B and C properties caused the losses.
The properties are in the Inland Empire West market and have been fully leased for years.
Values are up between 53% and 70% for industrial properties in Dallas County.
The country's available industrial sublease space has roughly tripled in two years as users consolidate.
A joint venture between Vigavi and Principal Asset Management is building a 728K SF industrial project even as construction starts have dwindled.
The forecast is causing nerves and rapid readjustment in the industry, but investors are still doing deals, industrial leaders said during a Bisnow event.
Tenants are playing the wait-and-see game as economic and political questions loom.
“We're seeing a lot of companies are optimizing as it relates to predicting likely traffic from a distance perspective, where to best locate those sites.”
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