Industrial

The rapid increase in industrial rents justifies both new construction and redevelopment, despite rising industrial costs.

The product type has a vacancy rate of less than 3.0% in major markets.

Oakdale Logistics Center is in the Great Southwest industrial submarket, one of the largest in DFW with an inventory of approximately 107 million square feet and strong demand fundamentals of 5% vacancy.

A roundup of the latest leases, sales and other transactions in the Northeast middle markets.

The latest deals, personnel moves and transactions in the Midwest region.

“Demand for warehouse space in New Jersey continues to be strong, particularly for modern properties in close proximity to the New York metropolitan area,” says Ben Rosen, Duke's vice president of leasing and development.

Industrial is expected to continue to prosper as the economic outlook remains optimistic, with both crude oil prices and the rig count showing steady improvement year-over-year, up 25.6% and 17.3%.

Xebec's approach in Lakeland is a regional distribution strategy, which complements its focus on intermodal logistics, along with its national plan to grow its Texas asset base for long-distance transport.