In 2000, the market value of industrial space hit a historical high of $50.58 per sf. In 1999, values had been $48.92 per sf. Values have been on a steady climb since 1993, when it was $22.34 per sf.
As with other sectors of the real estate market, the number of sales in industrial are off. There were 239 sales of industrial buildings in 2000, down from 351 the prior year.
During the past year, buyers have paid $69.84 per sf for such space in comparison to just $23.12 per sf in 1993. And, flex building rents have increased accordingly.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.
