10 Most Active Warehouse Construction Markets
March 6, 2018Written by Gerard Staudt in category Current Events
Prices of industrial land that companies use for “first-mile” and “last-mile” distribution centers are soaring. This can be attributed to the simple concept of supply and demand. With levels of e-commerce continually growing, retailers are paying top dollar for industrial real estate. After analyzing the numbers, experts at CBRE have concluded that “the average per-acre price” for land “suitable for the development of large, regional warehouses,” has doubled since last year.
Southern California, Las Vegas, Chicago, Atlanta, Houston, and New Jersey have all seen double-digit increases in industrial land prices. Will your city be next? Find out more information about rising prices and rents here: https://goo.gl/qx3ayZ
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