Interest rates may have slowed sales volume for industrial properties but they have not yet impacted the average price of the properties that do sell, according to a new national industrial report from Yardi's Commercial Edge.
The national average sale price has increased slightly from $124 per square foot in 2022 to $131 per square foot in 2023.
"Some of the slowdown in sales may be due to a bid-ask gap between buyers and sellers," according to the report.
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