Industrial
2022 Sets Industry Record with 450 Million Square Feet of Deliveries
While industrial deliveries hit a new high in 2022, supply is still behind demand, and 2023 is set to be another robust year for development.
Despite Record New Supply, National Industrial Vacancy Dips Below 4%Â
More than 742 million square feet of industrial space was under construction at the end of November as demand continues to outstrip supply.
Driven by Shipping and Logistics, National Development Pipeline Nears 714 Million Square Feet
National industrial in-place rents averaged $6.95 per square foot, up 5.8% year-over-year as demand remains strong
Sustained Demand and Insufficient New Supply Drive Lease Premiums to New Highs in Port Markets
Industrial tenants continue to pay increasing lease rates, with new contracts $1.38/sq .ft higher than in-place rents.
$58B National Industrial Sales Total Nears National Office Sales Volume
After 7 consecutive quarters of growth, in Q3 2022 the national average sale price came in $6 below Q2, resting at $131/sq. ft.
Supply Chain Disruptions Contribute to Historic Highs in Industrial Lease Spreads
National lease spread hits historic high at $1.45 per square foot, with some markets, like Los Angeles, are seeing gaps as wide as $4.89.
Key Marketing Strategies for Boosting Industrial Listing VisibilityÂ
With such tight competition driving the industrial sector, listings should be promoted with a well-established marketing strategy in place.
PS Business Parks Meets Market Demand With Fine-Tuned Operations
As pent-up demand for industrial space continues to drive growth, PSB is enhancing its solid closing track record with intuitive solutions.
Industrial Sales Volume Nears $40B Mid-Year as Q2 Marks 7th Consecutive Quarter of Price Gains
Q2 closes as the 7th consecutive quarter of price increases for industrial assets, with the national average sale price reaching $138/sq. ft.
Coastal Markets Remain Under Pressure: Inland Empire Squeezed to 0.6% Vacancy Rate
The national vacancy rate contracted to 4.7%, as sustained demand for industrial space continues to tighten vacancies across the U.S.
