{"id":1004721304,"date":"2024-07-19T02:41:09","date_gmt":"2024-07-19T10:41:09","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004721304"},"modified":"2024-07-22T04:48:44","modified_gmt":"2024-07-22T12:48:44","slug":"top-mid-atlantic-metros-for-industrial-transactions","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/top-mid-atlantic-metros-for-industrial-transactions\/","title":{"rendered":"Top Mid-Atlantic Markets for Industrial Transactions"},"content":{"rendered":"\n

Amid rising economic uncertainty, investors are becoming increasingly cautious about transacting assets, leading to a slowdown in sales activity. And Mid-Atlantic metros have done little to buck that trend. Additionally, high interest rates and capital costs<\/a> are maintaining wide bid-ask spreads in commercial real estate markets, further contributing to the decline in transaction volumes. <\/p>\n\n\n\n

Nationally, there has been a notable decrease in sales volume during the first five months of 2024, with industrial investment totaling $13.6 billion, according to CommercialEdge<\/em> data. This represents a 4.3 percent decline from the $14.2 billion recorded during the same period last year and a substantial 54.4 percent drop from the $29.8 billion of two years ago.<\/p>\n\n\n\n

The Mid-Atlantic region follows this national trend with a 21 percent drop in sales volume, decreasing to $458.1 million year-to-date in May from $581.5 million last year. This is a stark contrast from the $1.7 billion recorded two years ago, marking a dramatic 73 percent decline. The price per square foot was $398.48, down 3.8 percent from $414.20 last year and 23.5 percent from $520.02 two years ago.<\/p>\n\n\n\n

Using CommercialEdge data, we\u2019ve outlined industrial real estate transaction trends across the Mid-Atlantic markets, with specific insights into the Washington, D.C., Baltimore and Richmond-Tidewater, Va., metros.<\/p>\n\n\n\n