Industrial rents grew fastest among a host of familiar metros last month – but a crop of niche markets is also seeing demand tick up as companies reconsider reshoring and nearshoring manufacturing.  

According to CommercialEdge,  average in-place rents grew 7.4% year-over-year in the Inland Empire, 6.8% in Los Angeles and 6.5% in Orange County. But “cross-border trade activity in North America could lead to increased demand for industrial space in rail and truck port markets such as Detroit, San Diego and Southern Texas,” the firm notes in a July analysis of sector data.

 

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