3 Reasons Why the Industrial Real Estate “Slowdown” Is Overblown
During the height of the pandemic, skyrocketing ecommerce activity created skyrocketing demand for fulfillment centers around the United States. As a result, vacancy rates for industrial real estate fell below 1% in key markets. Developers and investors went all-in on speculative projects as they tried to keep pace with growing demand. Then, in 2023, the economy took a negative turn, and consumers pulled back on their spending. The national vacancy rate for industrial properties hit 5.2% at the end of 2023 as retailers got rid ... Read More