Industrial rents in Southern California dipped in the first quarter, marking the first time they have decreased since 2009, according to the latest data from Savills. The drop is slight, less than $0.15 per SF in both Los Angeles and the Inland Empire, mirroring the size of the slump in 2009, according to Savills [...]
It will take time for the markets to absorb the amount of space delivered over the last two years. During the pandemic, industrial properties were probably the hottest ticket around. The need to distribute and sell products at physical arms-length, the sharp explosion e-commerce, the shutdowns of businesses — logistics, warehousing, and the development [...]
Peeping in at the corners of the U.S. CRE financing problems — rates too high, banks wary to lend, refinancing tough to get — are the various rising costs of commercial real estate properties. Expenses that act like a pry bar, pulling profit out of a property’s NOI. Rising insurance premiums and lower levels [...]
Last year took many twists and turns, some of which were forecast and many of which were not. Hopefully we are on a more predictable path this year as many of 2024’s expected themes have their seeds in 2023. Following are my top predictions for 2024 1. The booming industrial market will begin to [...]
