Average sale prices for industrial assets saw a considerable increase — up by 9.6% from the previous quarter and by 2% year-over-year, which is notable, considering the challenges posed by rising interest rates, tighter capital markets, and normalizing demand.
Properties were trading at an average of $132 per square foot, the latest U.S. industrial market report from CommercialEdge shows. Nationwide, industrial sales totaled $5.7 billion in the first two months of 2024.
Investor interest in Los Angeles properties remains elevated as it led the nation in sales volume, with transactions here totaling $435 million.
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