Due to intense competition, supply chain issues for key materials and a tight labor market, the time it takes to build new logistics real estate properties across the United States has lengthened. This is coming at a time when the national industrial vacancy rate is already at historic lows, making it difficult for industrial occupiers hungry for space to find what they need.
In this episode, David Bodamer is joined by Newmark’s Lisa DeNight, National Industrial Research Director, and Kyle S. Roberts, Executive Managing Director Industrial/Capital Markets, to break down the state of the industrial real estate market.
Lisa and Kyle discuss:
- Why construction timelines are lengthening across the country
- How the demand for space is impacting existing industrial real estate inventory
- The outlook for the sector amid rising interest rates, inflation and a potential recession
- What kinds of investors are targeting industrial real estate given current capital market conditions
- And more