Industrial prices are being driven by a boom that began with COVID-19 and a market that has remained strong despite normalizing demand and muted transaction volume due to elevated interest rates.
Aided by strong supply, consumer spending and other economic indicators, the North American industrial sector is projected to remain one of the leading commercial real estate product types over the next two years, according to Cushman & Wakefield. The firm’s forecast for industrial absorption for 2020-2021 is nearly 460 million square feet, as new supply finally surpasses
The South Florida real estate industry generally focused on the urban core for the office market. But it is now increasingly checking out the suburbs with new construction — 40 of 50 buildings — rising outside the central business districts. CLICK ON THE HEADLINE FOR MORE