Higher interest rates and a cautious macro outlook have curbed logistics warehouse growth but have hardly stomped it out.
The supply side is in a “pencils down” mode as higher rates change ROI calculations.
Capacity tightness was fueled by a massive demand spike along the I-55 corridor.
Warehouse demand begins to ripple through the so-called tertiary real estate markets.
The market set records across the board in 2021, with all-time vacancy lows expected to be set by the end of the first quarter, Colliers says.
The unit of the financial services titan becomes a big player in U.S. logistics real estate.
Small facilities are seeing big jumps in demand as e-commerce puts urban logistics in the spotlight, a JLL report says.
The Kansas City region, with its centralized location, is becoming a prime area for commercial warehouse space, with KC Smartport expecting 15 million square feet to become available in 2021.
Steel costs and availability could delay projects for the rest of the year, expert says.
Greater Philadelphia’s near-invisible vacancy rates paced the logistics real estate market’s 2020 gains.
