Search
 

Industrial Vacancies Are the Lowest on Record

Well-located infill warehouse space close to major markets such as those in the East Bay is crucial to speedy delivery but is becoming increasingly scarce due to e-commerce demands and constrained supply.

2380-88 Williams Colony Industrial acquired a light industrial building located at 2380-2388 Williams St.

SAN LEANDRO, ca—Well-located infill warehouse space close to major markets such as those in the East Bay is crucial to speedy delivery. Those areas are increasingly scarce due to constrained supply and strong demand from e-commerce, which is causing companies to fight to stay competitive with ever-faster delivery performance.

In fact, Ten-X Commercial recently released its latest US Industrial Market Outlook which found that changes in technology, supply chains and consumer habits continue to drive leasing demand for industrial properties, propelling vacancies to the lowest levels on record, GlobeSt.com learns. The research also shows that 2017 was the sixth straight year during which rent growth accelerated, and the first year on record in which the industrial sector’s rent growth outpaced that of the other three major commercial real estate sectors.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

More from this author

Recommended Stories

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.