Industrial assets in the Philly MSA are currently valued at $77.8B while multifamily properties are worth just $75.9B.
A rapid slowdown in new warehouse development will likely even the playing field after 2025.
The sector is expected to stabilize as vacancy rates and supply levels return to historical norms.
Trammell Crow Co. and Daiwa House Texas Inc. completed Blue Ridge Commerce Center, a five-building industrial park that broke ground last summer.
A 2.1M SF industrial portfolio in Houston, Denver and New Jersey sells to investors, highlighting demand for logistics hubs in major U.S. markets.
After a moribund first half to 2024, Ireland's CRE investment heated up in Q3, helped by some major deals in the industrial and logistics sector.
Whatever the reasons, they don't seem to be slowing down.
Industrial vacancy rates in greater Philadelphia have stabilized as some analysts predict a new era of higher occupancy for the sector nationwide.
Denver’s industrial market cooled on leasing but saw $717M in Q2 sales as investors piled in while tenants slowed and developers pulled back.
Owners of big empty boxes should expect the rough patch to persist until next year as the construction pipeline continues to thin out.
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