Lehigh Valley 2022 Q1 Industrial Market Report
"New construction continues to command top dollar ($8.50 to$9.50 per square foot, NNN) as owners need to offset higher material costs and surging land prices."
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"New construction continues to command top dollar ($8.50 to$9.50 per square foot, NNN) as owners need to offset higher material costs and surging land prices."
"Rates will continue to rise boosted by higher asking rents for new construction ($7.00 to $8.00 per square foot, NNN)."
"Vacancy continues to decline as quarterly leasing activity almost doubled year-over-year. With demand for larger spaces and company relocations, pre-leasing activity has trended upward across the market."
"A shortage of industrial space persists even as 11.2 million square feet (msf) of construction activity underway aims to provide tenants more options."
"The Phoenix industrial market continues to be one of the hottest in the country with a record amount of product under construction and asking rental rates at all-time highs."
"Despite uncertainty, Phoenix office market shows signs of demand increase"
"Detroit office market fundamentals largely unchanged, but activity continues to be sluggish"
"Raleigh/Durham’s leasing volume increases again, despite ongoing rise in availability"
"Cautious optimism resurfaces in the Greater Toronto Area (GTA) office market"
"Leasing starts 2022 on a strong note, particularly in the Waterfront submarket"