National Industrial Rents Hit All-Time High In Q2
July 26, 2017 | Champaign Williams
Historically low vacancy rates and a lack of available space pushed industrial real estate rents to record highs in the second quarter.
JLL’s Q2 First Look At Industrial report said rents rose to $5.35/SF nationwide, an all-time high.
Industrial markets have been the golden child of commercial real estate for some time as e-commerce and retail players storm the sector in droves to expand their distribution networks by pushing closer to customers.
JLL research did reveal some softening in absorption that lagged behind new supply. For the first time in seven years, net absorption trailed behind new deliveries. This pullback had little to do with weakening demand and was largely attributed to a lack of desirable space and shorter lease transactions.
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