That super hot industrial market? Brokers are losing confidence and seeing strain, according to the first quarter sentiment report from the Society of Industrial and Office Realtors. Office, though, is still on the rebound.
The industrial sector might seem an odd subject for a loss of confidence. The sector has led CRE through the pandemic, scoring top marks time after time and continuing to crush cap rates. But nothing can go on forever.
"The red-hot industrial market is starting to see the effects of high demand and lack of space catching up with each other," the report stated. "This strain caused by limited supply caused confidence in the industrial sector to drop for the first time in sentiment reporting."
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