The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—at 58.3 (a reading of 50 or higher signals growth)—headed up 1.8%, growing, at a faster rate, for the 22nd consecutive month, snapping a three-month stretch of sequential…
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.
In its “North American Overview,” CBRE looked at the 23 “most dynamic” North American big box markets, finding that big box transactions represented 450 million SF across these markets (in the United States, Canada, and Mexico), marking a 29% annual gain over 2020’s…
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