LogistiCenter at Southport industrial distribution facility demonstrates that replacement cost rents have returned to Sacramento and industrial is poised for growth, says Schaal Realty Advisors principal Tom Schaal.
While the declines in asking effective rents are modest, most leases are being signed at levels below what those quoted rents would suggest. Performance hasn’t gone off the edge of the cliff, but it is notably weakened for now.
Dylan Simon and Jerrid Anderson recently analyzed the recent rent and occupancy trends in the King County multifamily market and discovered it is performing well in relation to other CRE asset classes.
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