Global supply chain disruptions have sent industrial tenants into a leasing frenzy, pushing warehouse vacancy to unprecedented lows. Prologis’ portfolio was 98 percent leased and just under 97 percent occupied at the end of the third quarter, the San Francisco-based warehouse REIT reported Friday. Moreover, its development pipeline was already 70 percent pre-leased — the
The US industrial market is on pace for a record leasing volume with activity through July reaching 587 million square feet – 52 percent more than the year-earlier period, according to a new report from CBRE. Sharply higher transportation costs – which are rising faster than rental rates – is helping to fuel this robust
Cold storage, a niche subsector of the industrial real estate market, is heating up. Driven by — what else — e-commerce and the pandemic, the cold-storage market was valued at $89 billion in 2018 and is projected to reach $218 billion by 2026, growing at a compound annual rate of 11.7% between 2019 to 2026,
A California-based real estate investor bought a new Medley industrial park for $34.8 million, marking its first venture in Florida.
Even though the most-dire days of the COVID-19 pandemic may be in the past, that, by no means, has pumped the brakes on the frenetic pace of e-commerce activity, driven by the steady drum beat of consumer demand.