The Philadelphia Regional Industrial Market experienced several trends consistent throughout each individual submarket including record breaking absorption, low vacancy rates and active construction levels. These trends put the market on a trajectory for the strongest year ever. Throughout the third quarter, the Philadelphia Region recorded nearly three times the net absorption as the previous quarter with 23.9 MSF quarterly absorption. Strong quarterly and YTD absorption has caused vacancy levels to drop to historic lows. Overall…
The Changing Nature of Industrial Demand
The U.S. warehouse market is booming like the red-hot housing sector, as companies compete for scarce distribution space to meet surging e-commerce demand. The competition is driving up industrial rents as retailers and logistics providers race to move goods closer to population centers, with some engaging in bidding wars for the most coveted sites. Businesses are pushing to deliver online orders faster to the homes of digital shoppers and responding to growing consumer spending…
REITs Outperform Private Equity Real Estate Funds
With interest rates at extremely lows levels and fears of rising inflation heating up, investors have flocked to real estate investment trusts (REITs) as an investment vehicle. Is it wise to do so, what is propelling this move, and what kind of performance should investors expect? This report will explain why there is a surge in demand for REITs and analyze how they are currently performing and how they have performed historically. 1 REITs are…