- November 1, 2022: Vol. 34, Number 10

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Industrial alternatives: With industrial pricing remaining tight, investors look to cold storage, truck yards and other subcategories

by Denise Moose

Competition in the industrial market has been robust through the first half of the year, with fundamentals across the board continuing to break records as the construction pipelines grow.

JLL’s second-quarter United States Industrial Outlook notes much of the tenant movement is due to the influx of inventories being delivered following the supply-chain crisis earlier this year as well as companies expanding inventories to avoid future supply-chain shortages. On the construction front, the industrial market is expected to benefit from the additional supply, especially as some markets see vacancies below 1 percent. While noneconomic factors, such as the COVID-19 pandemic and conflict in Europe, have sparked uncertainty, the industrial market remains strong and stable.

“Industrial rents have soared in recent years,” says Juan DeAngulo, managing partner at Elion. “In fact, since 2016, rents on warehouse spaces increased 25 percent nationwide and 29 percent

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