According to Green Street’s latest industrial sector update, the eport authors point to cold storage demand, rising NOI forecasts and cash-releasing spreads — especially at Prologis — and Houston and East Coast port activity.
The electric vehicle industry is set to fuel demand for industrial real estate for years to come, predicts CRE research firm YardiMatrix. And major automakers have announced plans to produce EVs or batteries since the US Inflation Reduction Act brought in the subsidies, which require that the vehicles be made mostly in the US.
To arrive at the forecasts, NAIOP’s statistical model takes into account such factors as lagged net absorption, real gross domestic product growth, inflation and output gaps, monetary policy, and seasonal effects.
Miami International Airport (MIA) is adopting a vertical approach to meeting air cargo capacity demand as it contends with limited space. The airport’s “Vertically Integrated Cargo Community” project envisions a five-story storage warehouse which is expected to more than double its current cargo capacity. Expected to break ground next year, the estimated five-year project will