Industrial

Last year, there were the largest number of new industrial deliveries in San Diego since 2001.

“Space utilization and efficiencies are important to all industrial tenants today as they focus on increasing profits in a competitive market,” says Avison Young's Todd Heine, who helped Fleetwood reduce its overall space with the new lease.

The 112,980-square-foot facility will house 829 climate-controlled storage units ranging from 25 to 300 square feet along with office space.

A CBRE analysis found 24 conversion projects from California to Baltimore as retail closures yield industrial opportunities, including 810,000 square feet of potential conversions in Chicago.

Las Vegas and the Inland Empire will continue to see ample capital chasing deals in 2019, while Phoenix could start to cool off.

In an exclusive audio interview, Avison Young's Philadelphia market leader David Fahey looks at some of the trends driving CRE investment in the City of Brotherly Love in 2019.

The two buildings were 85%-leased within the first eight months of availability, says CBRE's Doug Whitten.

The spread between the prime rate and industrial cap rates has turned negative, a historical marker of an approaching recession.