After seeing the second quarter halt what the firm called a historic run of consecutive quarters of declining availability at 34, its longest stretch going back to when it first started tracking this data in 1998, the third quarter availability rate, at 7.2%, was essentially flat, compared to the second quarter’s 7.1%. Source: logistics Mgmt
CBRE reported that there is more than 255 million square-feet of warehouse space under construction, with 70.2% of it being speculative. What’s more, CBRE said that based on data issued by CBRE Econometric Advisors, going back to 2015, warehouse demand has outpaced new construction completions by 169 million square-feet, with rents up 19.2% over that same period. Source: logistics Mgmt
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