The nine-acre truck depot in Kearny, New Jersey, wouldn’t appear to fit anyone’s definition of prime real estate. The site is surrounded by a tangle of major highways that are often clogged with traffic, abuts a rail yard packed with clattering freight cars, and is just down the street from one of the most polluted landfills on the
Some dynamics of logistical and industrial space leasing are feeling pressures of inadequate supply, according to a panel of NAI Global industrial and logistics real estate experts meeting virtually. Although demand pacing ahead of supply had become expected by partway through the pandemic — industrial with multifamily being the two darling property types for owners
Industrial real estate near airports in the nation’s most densely populated areas could be attractive investments for 2023. With transportation accounting for up to 70% of overall supply chain costs, businesses are increasingly locating their distribution centers closer to airports, according to CBRE Supply Chain Advisory.
Green Street has revised upward its net operating income (NOI) forecast for cold storage, mall, and industrial while cutting its single-family rental (SFR) estimates, according to its recently released 2023 Commercial Property Outlook. Higher cap rates (i.e., lower real estate prices) plus some relief on the interest rate front has improved the valuation picture for
The industrial sector remained one of the strongest commercial real estate performers in 2022, despite rising interest rates and ballooning inflation. Onshoring efforts, coupled with a continuation of last year’s e-commerce boom, have only added to the already sky-high demand for industrial real estate. But in the second half of 2022, the industrial market began