Industrial

Even a short strike could set up retailers for problems by the holidays.

The decline in consumer spending has pushed owners to reduce asking rents and offer concessions.

However, single-family residential, land/development and office all were described as overpriced.

A slowdown in construction starts in recent years may lead to a rise in overall asking rents for industrial properties.

A drop-off in oversupply coupled with continued strong e-commerce activity will positively impact the industrial sector.

The facility spans 1.22 million square foot.

Lam Research pre-leases 60% of 760K SF OMP Oaks Business Park.

The largest industrial metros saw a vacancy increase of 202 BPs and asking rents were up 5.3%.