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.
“Georgia is one of the premier data center development markets in the US,” says CBRE's Tim Huffman, because of low power costs and state tax incentives for data centers.
CBRE reports that the O'Hare industrial market remains one of the region's tightest sectors, with a very low vacancy of 2.1%, well below the market average of 3.6%.
The property at 4634 East Marginal Way is 94% leased to a variety of tenants, including ride-sharing giant Uber's Greenlight, a hub designed to provide in-person support to drivers.
The retirement and downsizing of Baby Boomers coupled with the continued emergence of Millennials will support the need for self-storage space in the coming years, providing a positive long-term tailwind.