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CompStak 2024 Biannual Industrial Market Report
Download the 2024 Biannual Industrial Market Report
Looking to stay ahead in the ever-evolving industrial market? CompStak’s 2024 Biannual Industrial Market Report provides essential insights and trends shaping the commercial real estate industry.
Download the report to explore:
- E-Commerce Growth Drives Demand: E-commerce reached 16.2% of total retail sales in Q3 2024, fueling industrial logistics space needs.
- Port Activity Surges: TEU volumes at major U.S. ports rose YoY, with Long Beach/Los Angeles up 22.9% and New York/New Jersey up 11.7%.
- Tariff Hikes May Spark Stockpiling: Potential tariff increases could boost warehouse demand as businesses prepare for higher import costs.
- Lease Expirations Signal Rent Hikes: Over 27% of industrial leases expire by 2026, with some rents 75.7% below current market rates.
- Rents Decline but Stabilize: Bulk industrial effective rents fell 1.9% from their Q4 2023 peak but are showing signs of leveling off.
- Tenant Flexibility Increases: Lease terms are shortening, and free rent periods are at their highest since 2019, favoring tenants.
- Logistics Leads Leasing Activity: Logistics and food & beverage tenants secured top leases, including major deals by Western Post and Mondelez International.
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