The CoStar Group, pinpoints mid-2025 as when US industrial net absorption will pick up notably. Some tenants will seek to take advantage of a softer rental market to expand their footprint this year.
The temporary downturn will slow the rise in warehouse rates, but won’t send them into decline, as has happened in transport modes, according to analysts. They project the vacancy rate to creep up to 6% by the end of 2024, still tight by historical standards, and it should keep pushing pricing higher. CLICK ON THE HEADLINE FOR MORE
The opening of the $5.4 billion expanded Panama Canal was euphoric; however, the benefits of a bigger canal are going to be gradual and not immediate. Only three East Coast ports, including PortMiami, are ready to handle Panamax ships. CLICK ON THE HEADLINE FOR MORE