Prologis said unprecedented “pent-up” demand for warehouse space due to e-commerce growth and inventory restocking will continue to outpace supply and new construction, holding industrial vacancy rates in 2022 at a record-low 3.3%.
The good news in office space: occupancy has been on the rise. But any CRE professional watching the markets knows about the shoe that next drops—it’s going to take a good amount of time—11 quarters, according to Costar and the National Association of Realtors—for things to get back to normal and all the space to be absorbed. If
The record-breaking pace of the U.S. industrial sector is not expected to let up in 2022. Rents, already at sky-high levels, are slated to jump another 10% this year, according to a report from one of the country’s largest industrial landlords.
It may be 2022, but many of the forces that drove the economy in 2021 are still in the driver’s seat. The long-term upward trend of e-commerce is stronger than ever. The supply chain that gets products from websites to consumers is still not performing well. Inflation is rising, and the Federal Reserve probably will
South Florida’s top industrial sales crushed last year’s records, marking a return to sale prices in the hundreds of millions, as the sector outperformed the rest of the market during the pandemic.