Rising costs are driving industrial real estate leasing activity

摘要

DATA RECENTLY ISSUED by Los Angeles-based industrial real estate developer CBRE indicated that leasing volume for the U.S. industrial market is on track for a new annual record in 2021, with total activity through July, at 587 million square-feet (SF), showing a 52% annual gain. Should this level of leasing activity continue, CBRE said that 2021 would top 2020, the current record at 713.3 million SF. What's more, it noted that robust demand, coupled with a 4% national vacancy rate, have led to average rents climbing 9.7% going back to August 2020.