US EditionMore Than Half Of U.S. Warehouse Space Built In Q1 2025 Is Vacant
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More Than Half Of U.S. Warehouse Space Built In Q1 2025 Is Vacant
The U.S. industrial sector can't seem to shake the effects of the pandemic-era wave of warehouse development. Speculative development accounted for 71% of the 73M SF of industrial space that delivered in the first quarter, according to Cushman & Wakefield. Roughly 45M SF of spec space came online vacant, nudging vacancy up 30 basis points to 7%.
What Determines Warehouse Development?
Certificates, pre-let and electricity – what determines warehouse development? The new reality of warehouse investment is less risk, more requirements, writed Katarzyna Madej (pictured), Director, Industrial Agency at Avison Young. Pre-let as important factor Currently, the highest investment activity is observed in projects that have a pre-let secured at a level of at least 50-60 % of the space. This level of occupancy is often a prerequisite f…
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