U.S. Industrial MarketFlash: Rising transportation costs help fuel record warehouse leasing pace
27 Sep 2021
Tenants are leasing warehouse space at a blistering pace this year to hold more inventory and mitigate transportation costs that are growing at a much faster pace than lease rates. Industrial leasing volume, including renewals, reached a record 587 million sq. ft. through July, up by 52% from the same period a year ago. Robust demand and a national vacancy rate of 4.0% have driven average rents up by 9.7% since August 2020.
More Topics
The era-defining shift from fossil fuels to clean energy will deliver an unprecedented new boom for commodities—and an opportunity for investors—as a range of relatively obscure materials become essential to delivering emissions-free power, transport and heavy industry.
The transition could require as much as $173 trillion in energy supply...
Crosslake Treetop Village offers unique rental experience with treehouses in Minnesota woods
Sep 16 2021Danielle Hermanny described her family’s New Year’s getaway as a woodland fairytale.
The Twin Cities family of five sledded, snowshoed and spent a cozy few days together in the woods of Crosslake, Minnesota.
Ashley and Nathan Schiesser spent their fifth anniversary this summer in the same spot, enjoying...
State employment rates are on the way up. Minnesota’s Department of Employment and Economic Development says the state gained over 10,000 jobs in August in both the private and public sectors.
Manufacturing jobs saw the biggest spike last month, adding 2,300 jobs.
“It is an industry that is...
