A surge of new industrial property hit the market in August, causing a slight dip in month-over-month asking prices of 2%, according to the Crexi National Commercial Real Estate Report: August 2022, issued last week.
It was one of several key trends the report offered, including a 10% increase in warehouses for sale compared to July, a 19% jump in general industrial property, and a 17% increase in flex industrial space for sale.
As demand rises to meet the newly available supply, we'll likely see prices adjust and climb again next month, Crexi said in a release.
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