With shipping and freight insurance costs rising significantly, US manufacturers are pivoting to be more local. This has the potential to profoundly impact all types of CRE in markets all over the country.
While outdoor storage has not been immune to headwinds facing commercial real estate of late, the IOS sector still boasts one of the lowest vacancy rates of any property type due to strong supply/demand fundamentals.
As national stay-at-home orders have shifted much of the economy toward a delivery model, the negative implications have been broadly felt, extending in the commercial real estate arena. However, Marcus & Millichap says industrial appears to be an exception to the rule.
Markets across the U.S. are seeing continued demand from businesses seeking to expand warehouse and distribution space particularly near major population centers. CLICK ON THE HEADLINE FOR MORE