Warehouse Leasing Prices Are Holding Up Despite Declining Demand
Warehouse tenants are getting sticker shock all over again as they set out to renew leases that were signed at large premiums during a period of red-hot demand early in the pandemic.
Those high-cost leases are starting to expire, but prices for industrial real estate remain elevated in part because developers have hit the brakes on new construction, constraining new supply.
Tenants looking to renew deals struck in 2020 and 2021 are "staring at a giant increase," said Mark Russo, head of industrial research at real...
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