By Jeff Berman ·
November 6, 2023
The latest data from commercial real estate firm CBRE found that third-quarter construction starts fell 37% from Q2 and are down 64% year-over-year.
By Jeff Berman ·
February 8, 2023
CBRE found that the largest 100 industrial lease transactions in 2022 included a record-high 63 deals for 1 million square-feet or more—known as “megawarehouses”—topping the 57 deals recorded in 2021. What’s more, it added that the average size of the top 100 leases was 1.07 million square-feet (MSF), supplanting the previous record, of 1.05 million MSF, set in 2021.
By Jeff Berman ·
October 26, 2022
In a research brief, entitled “Industrial Facilities Near Airports Command Rent Premiums,” CBRE explained that companies are locating distribution operations closer to airports, or air cargo ports, in order to counter various challenges, especially increasing transportation costs, which it said account for 45%-to-70% of overall supply chain costs—based on data issued by the company’s subsidiary CBRE Supply Chain Advisory. This represents a steep uptick compared to occupancy costs, which account for 3%-to-6%, said CBRE.
By Jeff Berman ·
October 26, 2022
In a research brief, entitled “Industrial Facilities Near Airports Command Rent Premiums,” CBRE explained that companies are locating distribution operations closer to airports, or air cargo ports, in order to counter various challenges, especially increasing transportation costs, which it said account for 45%-to-70% of overall supply chain costs—based on data issued by the company’s subsidiary CBRE Supply Chain Advisory. This represents a steep uptick compared to occupancy costs, which account for 3%-to-6%, said CBRE.
By Jeff Berman ·
October 3, 2022
Under the terms of the deal, the all-stock transaction, which Prologis said is valued at approximately $23 billion and was approved by Prologis and Duke shareholders, includes the assumption of debt, with the company adding it “expands Prologis’ presence in key U.S. markets.
By Jeff Berman ·
August 16, 2022
In its “U.S. Industrial Outlook: Q2 2022,” JLL cited various factors driving continued market strength, paced by rents topping the $8.00 per square-foot (PSF) mark, at $8.01, its highest level on record, with annual rent growth up 21% annually. Average PSF rents for warehousing & distribution and manufacturing came in at $8.04 and $7.79, respectively, with special purpose at $11.07.
By Jeff Berman ·
June 13, 2022
Following its most recent overture in early May, which was denied, San Francisco-based real estate investment trust company Prologis said it had finally closed the deal, announcing it had entered into a definitive merger agreement to acquire Indianapolis-based Duke Realty Corporation, a sustainable industrial real estate development and the largest domestic-only logistics REIT (Real Estate Investment Trust).
By Jeff Berman ·
May 11, 2022
San Francisco-based real estate investment trust company Prologis signaled its desire to buy Indianapolis-based Duke Realty Corporation, a sustainable industrial real estate development and the largest domestic-only logistics REIT (Real Estate Investment Trust).
By Jeff Berman ·
May 5, 2022
The national vacancy rate, despite an influx of new deliveries, heading down, for the sixth consecutive quarter, from 3.8% to 3.4%, and the average asking rent increased to $7.62 per square-foot (p.s.f.), up 7% compared to the fourth quarter, marking the largest quarter-over-quarter increase going back to at least 2000.
By Jeff Berman ·
May 5, 2022
The national vacancy rate, despite an influx of new deliveries, heading down, for the sixth consecutive quarter, from 3.8% to 3.4%, and the average asking rent increased to $7.62 per square-foot (p.s.f.), up 7% compared to the fourth quarter, marking the largest quarter-over-quarter increase going back to at least 2000.
By Jeff Berman ·
April 29, 2022
CBRE explained that following a record year, in the U.S. industrial real estate market in 2021, market conditions carried over into the first quarter, with strong demand for space remaining the common theme.
By Jeff Berman ·
April 29, 2022
CBRE explained that following a record year, in the U.S. industrial real estate market in 2021, market conditions carried over into the first quarter, with strong demand for space remaining the common theme.
By Jeff Berman ·
March 30, 2022
The report—entitled “The race for industrial space: Can supply keep up?”—focuses on the challenges that industrial real estate stakeholders are up against, at a time when industrial space availability continues to trend down.
By Jeff Berman ·
March 30, 2022
The report—entitled “The race for industrial space: Can supply keep up?”—focuses on the challenges that industrial real estate stakeholders are up against, at a time when industrial space availability continues to trend down.
By Jeff Berman ·
March 30, 2022
The report—entitled “The race for industrial space: Can supply keep up?”—focuses on the challenges that industrial real estate stakeholders are up against, at a time when industrial space availability continues to trend down.