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Rexford Tenants Staying Put, Helping Company Avoid Broader Slide
Rexford ended Q2 with a vacancy rate of 2.7%.
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Rexford ended Q2 with a vacancy rate of 2.7%.
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The bill goes into effect Jan. 1 and is staunchly opposed by commercial real estate.
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Kimberly Clark announced plans to build new manufacturing facilities in Ohio and South Carolina.
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It had leased the space in 2022, before the facilities were even completed.
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More than 45M SF of speculative industrial development delivered in the first quarter without a tenant in place, according to Cushman & Wakefield.
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Prologis, one of the largest industrial REITs, may not be immune to the headwinds facing the industry.
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Amazon has submitted plans for new facilities in states across the country.
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Gov. Gavin Newsom has until Sept. 30 to either sign or veto the bill.
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Houston broke its 1M SF industrial lease slump when BroadRange Logistics signed for the largest building at Conroe Park North.
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The agreement will raise workers' wages by 62%.
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