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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.
Boston, Philadelphia, Savannah, and Charleston benefit from West Coast union snags.
Market shift begins after freight volumes drop 43% at Los Angeles ports.
The average asking price for multifamily properties dropped a significant 24.9%.
Partnership acquires seven properties encompassing 851K SF.
The vacancy rate rose for a second consecutive quarter to 3.6%.
Ultimately, consumers may find fewer choices at their grocery store.
Expect the climb to persist if there is a continued crunch on corporate earnings.
It sees too many financial headwinds for the sector to continue its strong performance.
Meanwhile the national vacancy rate has decreased 10 basis points.
Elevated interest rates and overall costs are expected to curb most development.