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At Home Broadstone Net Lease bought At Home’s 528,000-square-foot warehouse in Plano, TX.

DALLAS—Pricing for industrial distribution and warehouse space climbed in many US markets during the past 12 months, as investors continued to focus on markets tied to large population centers, logistics and e-commerce space. According to an Avison Young industrial investment review, prices in Dallas increased the most out of the major industrial markets reviewed, up 20% to $85 per square foot, with New York/Northern New Jersey, Los Angeles, Miami and the Inland Empire also recording increases.

“The industrial market has seen significant investment activity over the past five to seven years and continues to attract a steady flow of capital, particularly in large urban markets tied to e-commerce growth,” says Erik Foster, Avison Young principal and leader of the firm’s national industrial capital markets group. “From institutional investors to REITS and private investors, we’re seeing a continued focus on acquiring well-located distribution and warehouse assets with strong tenancy.”

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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.

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