Logistics and industrial developers will look for ways to complement the instant gratification lifestyle.
HOUSTON—In the third quarter of 2018, the US industrial market benefited from record-high port volumes, positive absorption and a vacancy rate that remained below 5% despite the addition of new inventory. The continued enthusiasm for industrial product is examined in Transwestern's third-quarter industrial outlook, which revealed rent growth across nearly every market tracked.
“High-quality infill remains in high demand by investors, causing average rent to blow by the $6 per-square-foot threshold,” said Matthew Dolly, Transwestern research director. “While construction continues at an aggressive pace, it can't keep up with the red-hot demand. As a result, we've seen the US industrial vacancy rate drop 300 basis points in the past five years.”
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
