The industrial sector of commercial real estate is showing modest improvement, according to a recent Greater demand and smaller supply are helping to boost warehouse rents, and this improvement should continue since there’s not expected to be any significant addition of supply. CoStar reports:
b Quarterly construction starts are also at all-time lows, with just 3 million square feet in the first quarter, compared with quarterly numbers ranging from 40 million to 64 million square feet through most of the last decade.b
You can learn more about steadying warehouse rents from CoStar. If youb re searching for industrial real estate in the South Florida area, contact Morris Southeast Group. We have expertise in industrial properties.
Tags: commercial real estate, CRE blog, industrial property, Morris Southeast Group, warehouse
