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Industrial Sales Not Immune From Higher Interest Rates Impact

All through the pandemic, industrial properties have been among the most desired by commercial real estate investors. But in the current market environment, are industrial assets holding up just as well?

Following another bump in interest rates and continuing economic uncertainty, overall industrial deal volume in the U.S. fell 18 percent year-over-year in the third quarter, reports data providers MSCI Real Assets. But at $35.5 billion, that volume was still 48 percent above the quarterly average recorded between the third quarter of 2015 and 2019, which totaled roughly $23.9 billion.
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“Incredible Land Grab”: Miami-Dade OKs Project Outside UDB

It took developers Stephen Blumenthal and Jose Hevia five tries, but in the end they won approval for their controversial proposal to build outside Miami-Dade County’s Urban Development Boundary.

Commissioners just voted 8-4 to allow the South Dade Logistics & Technology District to be built on 379 acres on the southeast corner of the Florida Turnpike and Southwest 122nd Avenue in an unincorporated area of south Miami-Dade. The UDB is a greenbelt along Miami-Dade’s developed areas meant to limit encroachment of new construction onto farmland, wetlands, the Everglades and Biscayne Bay.
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Industrial Landlords, Tenants ‘Jousting’ Over Asking Rents vs. Taking Rents

Lease agreement

Accelerated rent growth nationwide in the industrial real estate sector might not be so much tied to inflation, but rather vacancy rates, according to a new report from Cushman & Wakefield.

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