Industrial

Shipping and freight insurance costs are rising significantly and US manufacturers are pivoting to be more local.

But recovery is probably on the way as the category has been the least hurt.

High bond yields that jumped to 5%, pressuring cap rates, have fallen back since the fall of 2023.

Logistics giant projects rents to grow annually by 4% to 6% over next three years.

Among all CRE property types, the industrial sector has the lowest share of potentially troubled loans.

In-place rents rose 7.6% year over year.

Vacancies rose in every region of the country and in almost every market, partly driven by 607 million SF of new development

Cushman & Wakefield tapped to find partner for 18M SF of industrial projects.