With the ups and downs of various product types — those of you on the outs know who you are — there's been some strong activity on the part of industrial, according to an analysis of Yardi data by CommercialEdge.
The demand for space has pushed up spreads between existing and new leases. Out of the 63 markets that Yardi covers, 44 have a lease spread greater than 10%; in January, 16 had spreads wider than 20%.
Those highest spreads aren't everywhere. Mostly they exist in port markets and logistics hubs, where demand is strongest. However, some tertiary and emerging markets have also shown outsized spreads.
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