Oversupply was the theme in Marcus & Millichap's recent news video, which provided a Q3 update on industrial, multifamily housing, and self storage asset classes.
As of the third quarter, the industrial vacancy rate nationally was 4.8%, which is up 120 basis points from a year prior with annual rent growth of 9.5%.
Although absorption on a national level has been positive every quarter since 2010, it has tapered over the course of the last year and rent growth has followed suit, according to John Chang, National Director of Research Director and Advisory Services, Marcus & Millichap.
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
*May exclude premium content
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.
