Warehouse rents climb as e-commerce drives demand

Kennith Bogan

Dive Quick:

  • Demand for industrial real estate carries on to outpace provide, with U.S. vacancy prices hitting a report very low of 4.5% in Q2, in accordance to new Cushman & Wakefield analysis.
  • Rental rates are climbing together with need through the U.S. The asking hire for industrial space increased 6.8% YoY, driven by Course A area all over key metropolitan areas and ports.
  • “We are really not seeing an stop in sight for that rental price progress,” stated Carolyn Salzer, Cushman & Wakefield’s head of logistics and industrial investigation for the Americas. “It is truly picked up.”

Dive Perception:

Organizations are scrambling to land warehouse and distribution place to hold stock and fulfill on line orders, major to lower vacancy fees nationwide. Those people with a substantial electronic sales existence — Amazon, Walmart, Wayfair and Chewy among the them — and third-celebration logistics providers are driving demand, Salzer said.

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Kennith Bogan

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Kennith Bogan

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Kennith Bogan

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