As 2024 concludes, the industrial market is normalizing after years of record supply, though not without facing challenges such as East Coast labor strikes, the Red Sea conflict and the collapse of Baltimore’s Francis Scott…
Author: Matthew Preston
Digital Realty is advancing plans to transform a dilapidated parking structure at 727 Grand Ave. in downtown Los Angeles into a 13-story, 230,000-square-foot data center. City planning documents indicate the project will serve as a…
In October, national in-place rents for industrial properties averaged $8.22 per square foot, an increase of 6.8% year-over-year (Y-o-Y), as reported by commercial real estate (CRE) listing network CommercialEdge. While Miami led rent growth at…
Dallas-Fort Worth’s industrial market has maintained robust performance in 2024, recording over $3.3 billion in sales through September — the highest sales volume in the country. In August, the market overtook the Bay Area as…
Despite record supply and economic uncertainty, the distribution and warehousing sector remains resilient. While the pandemic-driven e-commerce boom is well in the rear-view, distribution still dominated the largest industrial projects delivered so far in 2024.…
TPG Capital has inked a deal to move into The Spiral office building skyscraper at 66 Hudson Blvd. in Manhattan. Signing for 301,276 square feet across eight floors, the deal marks the second-largest relocation in…
The Sunbelt markets of Nashville, Tenn.; Atlanta; and Dallas-Fort Worth have experienced solid industrial growth throughout the last year: According to the latest national industrial report from CommercialEdge, rising rents have in the region been…
Houston’s office market continues to grapple with elevated vacancy rates, which hit 25% by mid-2024 — a 190-basis-point increase year-over-year — to rank third nationally behind Austin, Texas, and San Francisco, according to the latest…
According to the latest CommercialEdge national industrial report, ground has been broken on 145.3 million square feet of industrial space so far in 2024, putting this year on track to match the 195.8 million square…
San Francisco continues to hold its position as the West Coast’s most expensive office market with asking rents averaging $66.93 per square foot — just behind Manhattan — according to the latest CommercialEdge national office…
