The East Bay's dominance of the industrial asset class continues unabated.
Nationally, industrial vacancy was 4% in the third quarter, up from an all-time low of 3.9%.
The investor is betting on heightened demand for outdoor truck storage.
A 337K SF facility for FedEx Ground will go up in a popular Baytown park, Port 10 Logistics Center.
The partnership will focus on acquiring and developing industrial properties in supply-constrained markets.
Research from Cushman & Wakefield shows increased actualized and asking rents for Chicagoland industrial, and even a shaky economy isn't slowing it down much.
Is a more normalized LA industrial market in the cards for 2023?
Industrial development has moved at a breakneck speed, but that could change as banks pull back and challenges outside sectors begin to dampen demand.
The property will continue to be used by its seller for about a year through a sale-leaseback deal.
Philly-area industrial developers know tenant demand is still there, but financing construction of more supply has gotten nearly impossible.
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