- Rental rates for prime warehouse space in the U.S. jumped 9.9% last year, according to CBRE, outpacing by a mile global industrial leasing rate growth of 2.8%.
- Six U.S. markets were in the top nine worldwide, led by facilities near import gateways and population centers - Oakland, north Jersey, and California's Inland Empire, to name three.
- CBRE's David Egan says construction of new sites is lagging behind demand, and his firm expects rates in top markets to add another 6% this year. It's all about e-commerce," says Egan. “To get the goods to consumers fast, you have to get close to them."
- Interested parties: STAG, GPT, FR, DCT, EGP, SIR, REXR, TRNO, PLD, MNR