As leasing slows, developers are reducing their expansion plans and preparing for lower rents.
Developers delivered 33M SF of speculative industrial product last year, only 29% of which was leased at the end of the first quarter.
The markets have seen occupancy loss in 2024 as tenants renew and shrink leases, leaving some spec projects sitting empty and slowing new construction.
Dublin Port has received a major capital injection from the EU as its expansion plans look set to bolster the city's industrial and logistics market.
Increasingly complicated supply chains and the rise of third-party solutions are leading more deals to die at the finish line, after a broker's done the work.
Vacancy in the submarket is below 5%.
Pearland Economic Development Corp. is spearheading developments in the Lower Kirby District to help bolster industrial growth in the greater Houston region.
CORFAC's David Boyd speaks on different investment opportunities in the industrial market despite the high demand for space.
Pricing has remained flat, allowing smaller users to get space as e-commerce giants press pause.
Chicago industrial experts agreed that finalized election results would improve clarity moving forward.
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