CBRE, Dallas, found that there were fewer industrial leases of 1 million square feet or more in 2023 compared with 2022. Of the top 100 industrial leases signed last year, 43 were for at least 1 million square feet, compared with 63 in 2022.
Tag: Industrial Sector
Newmark: Industrial Sector Shows Solid Outlook, but Headwinds Persist
Newmark, New York, found the industrial market had some challenges in the first quarter, but the sector remains on a long-term growth trajectory.
Katie Parsons of JLL on Today’s Industrial Sector
Katie Parsons is Managing Director and Head of the Industrial Sector for JLL Valuation Advisory, which conducts assignments throughout the United States across property types.
Industrial Fundamentals Break More Records
JLL, Chicago, reported the industrial sector vacancy rate fell for the sixth consecutive quarter in early 2022, from 3.8 percent to 3.4 percent.
Digitalization, Demographics, Deglobalization Redefine Industrial Real Estate
Digitalization, demographics and deglobalization will drive the industrial market growth in the near future, said Newmark, New York.
CBRE: U.S. Needs 330M Square Feet of Distribution Space to Meet eCommerce Demand
CBRE, Dallas, estimated the U.S. will need an additional 330 million square feet of distribution space by 2025 just to handle projected increases in online ordering.