Industrial Properties by U.S. Airports Command Premium Rents
According to CBRE, distribution firms want to be close to major air hubs to expedite speedy deliveries, but there is often a price to pay: Industrial rent premiums average 13 percent in the top U.S. airport submarkets and reach as high as 47% in the Chicago O'Hare submarket.
In the era of next-day delivery, third-party logistics firms, ecommerce companies and retailers are all vying for industrial space with proximity to major airports. Operators appear willing to pay a premium for this coveted, but limited, real estate to meet customer expectations of rapid order fulfillment.
Click here to read full article from The World Property Journal.
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