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Premier Industrial commercial real estate news, analysis, trends and information including warehouse, distribution, logistics, e-commerce, self storage and R&D space deals and players.
Vacancy rate at 7.6% as 23M SF arrives, another 40M SF is under construction.
Partners buy 32-acre site for $150M, to build 600K SF project in Irvine.
Rising shipping costs could spur higher inflation, causing the Fed to be more cautious on rate cuts.
Pre-leasing ebbs as demand slows, vacancy rate hits 3.1%.
The level of interest rates may no longer be the one-factor model for CRE prices
How it might change the Fed's interest rate cuts is only the beginning of the story.
But the question is that will lead to better price discovery or arm-twisting by investors looking for deals.
E-commerce driving need for this niche asset class that represents less than 1% of US industrial facilities.
Atlas Holdings initiative already has scooped up 23 assets for $300M
But the new inflation numbers could mean no interest rate cut until after the first quarter.