The Real Deal New York

Industrial rents hit an all-time high

July 28, 2017 04:54PM

JLL’s Q2 industrial report shows just how dramatic the impact of retail’s demise and e-commerce’s growth has had on industrial real estate. According to the report, rents in the booming sector rose a record-breaking $5.35 per square foot nationwide. This coincides with a report at CBRE released last month revealing that over half of the 167 million square feet of new warehouses currently under construction have already been pre-leased. [Bisnow]