Industrial

A roundup of recent deals, leases, executive moves, and other news from the past week.

Even with rising interest rates, there is still room for cap-rate compression driven by projected NOI growth at the property level and the appetite for institutional investors to increase their allocation to industrial, Bixby's Aaron Hill tells GlobeSt.com.

Even though absorption slowed in the second and third quarters, tenants picked up the pace and absorbed 80 million square feet in the fourth.

FedEx, UPS and OnTrac are stepping up their demand for warehouse space in this market, making 2018 one of the strongest years for new industrial construction in 19 years, Colliers' Ted Cuthbert tells GlobeSt.com.

NAI Fennelly says net absorption of Princeton, NJ, office space was 768,532 square feet in 2017, off nearly 24 percent off from growth of 1.015 million square feet in 2016.

In today's Middle Market Digest, Jones Lang LaSalle evaluates the upcoming football championship using commercial real estate metrics.

“In analyzing renovated buildings, we found that any gain in rent, averaging 7%, was typically offset by the cost of renovation.”

2018 also promises to be the year that foreign firms, especially Chinese ones, seek to get a piece of the valuable North American market.