Published 3 months ago

Higher interest rates show effect on industrial real estate as market softens - Central Penn Business Journal

Summary by Central Penn Business Journal

While many industrial real estate analysts have been saying that the region is currently a “landlord’s market,” Bill Wolf, vice chairman of CBRE said the second quarter saw some balance returning to the market along the I-78/I-81 corridor and potential tenants may be able to find a break. He said in the second quarter tenants were able to find rent at about 10% less than previously as available properties sat on the market longer. “Rental rate…

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Higher interest rates show effect on industrial real estate as market softens - Central Penn Business Journal

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