CoStar's Positive Industrial Outlook Comes As Commerial Real Estate Market Learns of Possible Mega-Merger Between Two Largest Warehouse REITs
By Randyl Drummer
January 26, 2011
Warehouse leasing accelerated sharply in fourth-quarter 2010, helping to drive down vacancy rates amid record-low deliveries of new industrial commercial properties last year, according to CoStar's Year-End 2010 Industrial Review and Outlook.
"We saw good, stronger demand in the fourth quarter, given the historic low levels of warehouse supply," said CoStar Senior Director of Research and Analytics Jay Spivey. "That...
The industrial market is seeing signs of stabilizing rent and high demand in prime logistic locations.
By Allen Kenney
In the third quarter, the four major commercial real estate sectors all showed gains for the first time since 2007, according to the latest data from the CoStar Commercial Repeat-Sale Indices (CCRSI).
Overall, CoStar’s indices pegged the increase in the pricing of “investment-grade” real estate from July to September at 5.5 percent, while the “general” property pricing increased 2.3 percent in the third quarter. CoStar differentiates...
The following article, by Robert McGrath at CBRE, predicts lower availability as demand rises for large distribution facilities since Q1 of 2010. We strongly agree with his position; in fact, we have begun to see a rebound in rental rates in the Inland Empire, CA.
Friday, September 17, 2010 - Boston – September 17, 2010—The U.S. industrial real estate sector's national availability1 rate should peak at 14.2% by the end of September (3Q 2010) before falling to 14.0% in the fourth quarter of 2010 and continuing a slow descent into the first half of next year, according to new analysis...
FOR IMMEDIATE RELEASE
O'Donnell Group Receives 2010 Best of Newport Beach Award
U.S. Commerce Association’s Award Plaque Honors the Achievement
NEW YORK, NY, September 6, 2010 -- O'Donnell Group has been selected for the 2010 Best of Newport Beach Award in the Industrial Management category by the U.S. Commerce Association (USCA).
The USCA "Best...