Truck-as-a-service startup Forum Mobility enters a $400 million joint venture to establish electric drayage truck charging sites.
Higher borrowing costs will cut all real estate asset values by 5% to 7%, according to CBRE’s 2023 outlook.
Air cargo is a premium shipping mode. Companies that want fast, reliable transfers are also seeing lease rates shoot up for logistics facilities near airports.
Capacity tightness was fueled by a massive demand spike along the I-55 corridor.
Chicago leads all markets, while Greenville-Spartanburg makes the top 10 list for the first time.
Real estate firm CBRE is the latest global leader to invest in logistics real estate with its nearly $5 billion acquisition of 28 million square feet of assets.
Desperate occupiers undeterred by “sticker shock” will lease first and ask questions later, a CBRE report says.
Available space at the country’s most important warehousing complex drops to unimaginable levels.
Industrial and logistics real estate investment trust Prologis brings in an industry veteran to manage relationships with multimarket customers and expand broker relationships.
Steel costs and availability could delay projects for the rest of the year, expert says.
