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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.
The number of transactions has slid by 46% YoY, and the total square feet occupied is down by 49%.
Company sold 20-acre Bay Area property to e-retail giant in 2021.
In other news, Amazon may be ready to grow its distribution space again.
San Francisco-based firm aims for $350M total with five separate listings.
Right now, though, high interest rates and tightening lending standards are still taking a toll.
Canadian firm backs out of pending sale of 47-acre site in Canoga Park.
With a vacancy rate hovering around the low fives, lease rates will climb albeit more slowly.
The first-half, YoY numbers are near long-term averages, and are led mostly by $20 million-plus deals.
EV giant leases new 927K SF warehouse at Matrix Logistics Center.
Until then competition is normalizing to pre-pandemic levels.