As rent growth exceeds 10%, Prologis is predicting that U.S. warehouse development starts will drop to a 7-year low. However, a pullback of this magnitude would create a shortage of space in 2024. CLICK ON THE HEADLINE FOR MORE
The differences between asking rents vs. taking rents and trends in those rents can cause unexpected outcomes for occupiers. These factor importantly into investors’ returns. and also created quite a bit of “jousting” between landlords and tenants for new leases and renewals. CLICK ON THE HEADLINE FOR MORE
In the busiest markets in the US, industrial warehouse vacancies are hovering around 1%. In a sector in which tenants now are leasing space before they need it—and before it’s been built—just to secure it, means the inventory is sold out. CLICK ON THE HEADLINE FOR MORE
MSP Capital Investments, a Dallas-based real estate private equity firm, acquired Pelican Bays at 4900-4990 Southwest 52nd Street in Davie. In addition to representing the buyer, Levy Realty Advisors was also tapped to manage and lease the office/warehouse complex. CLICK ON THE HEADLINE FOR MORE
According to a new report from Cushman & Wakefield, online sales grew by 14.6 percent in 2021, equaling about $870.8 billion in spending throughout the year. The report indicates that rent growth for warehouses and logistics space could rise by more than 15 percent over the next two years. CLICK ON THE HEADLINE FOR MORE
Expert Advice For All Your Commercial And Industrial Property Needs In South Florida