Press "Enter" to skip to content

CBRE report points to elevated levels of tight industrial vacancies and steep rents

The report, entitled “Industrial Occupiers Experiencing Sticker Shock at Lease Expiration,” pointed to how robust demand and new construction delays have reduced the industrial vacancy rate down to 3.6% in the third quarter, whereas annual rent growth increase a record-high 10.4%. And it also highlighted how occupiers inking five-year leases back in 2016, with an average 3% rent increase, are now seeing net increases of 25%, while making decisions on new occupancy.
Source: logistics Mgmt

Be First to Comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *