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Industrial Tenants Face Less Inventory, Rising Rents, New Competition

WASHINGTON, DC--Nearly 6.5 million square feet of product will have exited the DC metro area industrial market since 2000.

By Erika Morphy | erikamorphy | Updated on March 10, 2017

A rendering of an industrial project Matan is developing

WASHINGTON, DC–Conditions couldn’t be more favorable for the industrial asset class right now. But traditional industrial tenants? Not so much. They are titling against fundamentals that include less inventory and rising rents. They are also going up against new tenants competing for the same space, such as e-commerce retailers that must have last mile delivery options and locally-based food producers, wineries and brewers that are targeting this space as well, especially within urban areas.

In DC these trends translate into some disconcerting numbers, according to JLL – namely that rents have jumped 9.4% over the past 12 months.

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