Refrigerated storage space sees growing demand while the average rent for U.S. industrial space climbs to $6.40 per square foot.
Despite the slowdown, e-commerce is anticipated to remain a leading factor in the industrial market’s ongoing expansion.
Port markets still lead the nation in rent expansion, with vacancy rates in certain areas tightening to as low as 1%.
September 2021 lease rate and vacancy stats for top U.S. industrial markets & insights on industry and economic recovery fundamentals.
Port markets continue to top asking rents, sale prices and tight vacancy rates, with select Southeastern hubs following.
Average office asking rents in Tampa saw a higher year-over-year increase than Los Angeles office space, in August.
Port markets in Southern California lead rent growth, sales volume tops $1B in two new markets and Phoenix pipeline shows no signs of slowing.