When Jones Lang LaSalle, the Boston-based commercial real estate services firm, released its first quarter industrial real estate market report, several facts underscored the recovery taking place throughout the United States: sustained declines in national vacancy rates, increased absorption of existing space, rising rental prices and a surge in construction that, in the first three months of the year, stood at a five-year high.
Industrial Real Estate
News & Analysis
23 May 2013
Haynes Furniture has signed a new long-term lease with American Realty Advisors, which was acting on behalf of its clients, for 215,400 square feet of industrial space in Addison, Ill.
22 May 2013
Ohio’s Toledo-Lucas County Port Authority, City of Toledo, Lucas County and other officials have held a groundbreaking ceremony for the construction of 1,500 feet of new roadway and utilities at Overland Industrial Park.
16 May 2013
Kent Bicycles has opened a distribution center in Savannah, Ga., with plans to move more than 1.3 million bicycles, or 7,000 20-foot-equivalent units, a year through the Port of Savannah.
15 May 2013
Crane Worldwide Logistics has leased 150,000 square feet of industrial space in Houston from property owner Levey Group.
15 May 2013
CenterPoint Properties has broken ground on an 87,975 square foot build-to-suit redevelopment in Elk Grove Village, Ill.
14 May 2013
The recession might finally be over for the refrigerated warehouse industry. Operators in the U.S. and Canada expect revenue to grow more than 4 percent in 2013, according to a recent survey by the International Association of Refrigerated Warehouses.
13 May 2013
Chicago continues to be one of the “hottest industrial leasing markets” in the country, according to Britt Casey, executive director of Cushman & Wakefield.
07 May 2013
E-commerce continued to fuel the U.S. industrial markets’ positive momentum in the first quarter of 2013, according to statistics released by Cushman & Wakefield.