Industrial tenants are still yearning for the types of modern, high-end logistics spaces that have flooded the market in recent years. When they may actually sign a lease is not nearly as certain.
I.CON panel: For spec builders in top logistics markets, it pays to wait to sign a lease
In today’s booming industrial market — with rents rising by the month and supply at unprecedented lows — developers are now grappling with a seemingly unprecedented question: How soon is too soon to sign a lease at a building that’s still under construction? According to some leading owners, it pays to wait.
CRE sentiment rises, but weighed down by construction cost challenges
Improving economic conditions have led to an improvement in the NAIOP CRE Sentiment Index, indicating both overall optimism and several ongoing concerns. However, respondents are now more pessimistic about construction costs than in any prior survey, and most expect construction labor costs to increase.