Industrial properties were perhaps the best performing through the pandemic, to its heights, and through 2022, because of expansions of e-commerce and increased inventories for many companies that wanted to avoid the supply chain problems of the previous two years.
That was then, this is now, as the economy shifts, supply chains return to normal, and the needs for industrial real estate are finally changing, at least in this smaller size category.
Out of the 20 metros with the highest collective first half year sales, only seven were higher than the same period in 2022, according to a Green Street analysis.
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