Industrial

Industrial Construction Continues to Level Off Amid Normalizing Demand and High Interest Rates   

By Evelyn Jozsa | February 27, 2024

New industrial starts in 2023 totaled 314.6 million square feet, down significantly from the 593.2 million square feet in 2022.

2023 Industrial Sales Total $52 Billion, Roughly Half of 2022 Volume

By Evelyn Jozsa | January 26, 2024

Due to tighter underwriting policies and more expensive capital, transaction activity will continue to diminish in 2024.

2023 Marks Year of Shifts and Stabilizing Trends in U.S. Industrial Sector

By Evelyn Jozsa | December 27, 2023

Port activity normalized, manufacturing surged in North America, and interest rate hikes dampened transaction activity and new development.

Industrial Sector Maintains Momentum Despite Uptick in Vacancy Rates   

By Evelyn Jozsa | November 27, 2023

Industrial vacancy rates rose 70 basis points from 3.9% in January 2023 to 4.6% in October but remained unchanged month-over-month.

October Industrial Featured Image

Industrial Transactions Still Muted as Bid-Ask Gap Holds Firm  

By Evelyn Jozsa | October 26, 2023

Sellers have yet to readjust price expectations, as buyers are unwilling to pay high prices amid expensive and limited financing options.

Industrial Report September 2023

2023 Industrial Construction Starts Dip One-Third from Last Year

By Evelyn Jozsa | September 26, 2023

Competition for industrial space will increase in 2024 and 2025, but we anticipate construction starts to pick up again in 2026.

Industrial Sector Pinched by Interest Rate Hikes 

By Evelyn Jozsa | August 24, 2023

As capital has become scarcer and more expensive, industrial construction starts and sales have slowed down in 2023.

Industrial Sales Volume Reaches $21.2B at the End of Q2

By Evelyn Jozsa | July 27, 2023

The sales volume dropped significantly compared to the $55 billion recorded during the same period last year.

Industrial Development Continues to Slow as Demand Normalizes

By Evelyn Jozsa | June 27, 2023

New starts continued to moderate across top industrial markets in the U.S., with few exceptions, such as Phoenix and Dallas.

Industrial Development Slows as Sector Adapts to Economic Conditions

By Evelyn Jozsa | May 31, 2023

While the amount of space under construction remained high, new starts have started to slow, reflecting the current economic issues.

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