Industrial space prices were up about a third in the first quarter while sales declined by about as much, according to a report by CommercialEdge.
The sale price per square foot for industrial space in March 2021 for the nation was 29.1% higher year-over-year. On average, US industrial assets traded for $110.04 per square foot last month.
Transactions closed during the first three months totaled $8.1 billion across the US industrial markets compared to nearly $11 billion in Q1 in 2020.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
