The recent national industrial report published by CommercialCafe shows a market that’s currently adjusting to an economic environment shaped by factors such as higher interest rates, labor costs and other expenses. Concurrently, the record level…
Author: Matthew Preston
Key Takeaways: With 7.8 million square feet under construction, Phoenix West leads the nation with the largest industrial construction pipeline among the top 100 largest submarkets. Nine Southern submarkets secured spots within the top 20…
With record levels of new industrial space supply, vacancy rates are on the rise. However, the latest industrial report from CommercialCafe reveals that sales prices are up due to one significant deal, while rent growth…
New York investment firm Clarion Partners has acquired the newly built TIA Logistics Center — a 245,000-square-foot, Class A industrial warehouse near Tampa International Airport — for $49 million (roughly $200 per square foot). Located…
Despite a downturn in industrial sales volume attributed to higher interest rates, tightened capital markets and a shift toward normalizing demand, the industrial property market hasn’t seen any significant discounts. Even with sales figures experiencing…
Early 2024 continues the trend of a slowdown in industrial space construction with only 20 million square feet initiated in the first two months of the year. Notably, this decline also follows a drop of…
Key Statistics: 865,000 square feet: Size of the largest property set for a 2024 delivery — phase two of Oyster Point in San Francisco 10.9 million square feet: Current size of Boston’s life sciences pipeline,…
NYU Langone Health recently finalized a lease agreement for 105,000 square feet of life sciences space at Innolabs in Long Island City in Queens. This agreement will result in NYU Langone relocating four research programs…
