Aug 14, 2019 - 0 Comments - Industrial -

CCIM Economist KC Conway Provides Industrial Real Estate Update ~ Part 1 of 2

K.C. Conway, Chief Economist with CCIM and Director of the Alabama Center for Real Estate, joins America’s Commercial Real Estate Show host Michael in Studio One to discuss the industrial property market, including new supply coming online and the impact of tariffs industrial property holdings. In this part, he notes that much of the boom in industrial is related to the shift from retail to online shopping, and that he believes we remain in the early phases of this. Perhaps most interesting are references to charts from a recent Colliers reports, one showing the top 50-75 markets all, for the first time since they’ve been tracking it, having vacancy ralted below 5%, another that shows for the first time ever an average asking rent surpassing $6 psf (obviously not miami), and a third noting a record amount of industrial space under construction – over 300 million square feet.

Also view part two of this interview.

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