With record levels of new industrial space supply, vacancy rates are on the rise. However, the latest industrial report from CommercialEdge reveals that sales prices are up due to one significant deal, while rent growth…
Author: Matthew Preston
New York investment firm Clarion Partners has acquired the newly built TIA Logistics Center — a 245,000-square-foot, Class A industrial warehouse near Tampa International Airport — for $49 million (roughly $200 per square foot). Located…
Despite a downturn in industrial sales volume attributed to higher interest rates, tightened capital markets and a shift toward normalizing demand, the industrial property market hasn’t seen any significant discounts. Even with sales figures experiencing…
Early 2024 continues the trend of a slowdown in industrial space construction with only 20 million square feet initiated in the first two months of the year. Notably, this decline also follows a drop of…
Working remotely from the comfort of home undoubtedly has its conveniences, but the true perk lies in the freedom to discover new and invigorating workspaces. Enter Austin, Texas – a city celebrated for its vibrancy…
In the vibrant landscape of Dallas, remote work — beyond the confines of home — has become increasingly popular among professionals. And, with nearly 80 coworking spaces and an assortment of laptop-friendly cafes, chic meeting…
Key Statistics: 865,000 square feet: Size of the largest property set for a 2024 delivery — phase two of Oyster Point in San Francisco 10.9 million square feet: Current size of Boston’s life sciences pipeline,…
NYU Langone Health recently finalized a lease agreement for 105,000 square feet of life sciences space at Innolabs in Long Island City in Queens. This agreement will result in NYU Langone relocating four research programs…
Although deliveries of new industrial space boomed in recent years, demand has since normalized, leading to higher vacancy rates across the U.S. At the same time, rents have also climbed, highlighting the complex dynamics at…
The National Wildlife Federation (NWF) has renewed its lease at Metro Center, a 184,000-square-foot office building located at 1200 G St. NW in Washington, D.C., just three blocks from The White House. In 2017, the…
