Willis Business Law’s Post

Windsor’s industrial real estate market reached new heights in 2023 as a strong fourth quarter saw records smashed for average sales and lease rates and new industrial space under construction, reported the Windsor Star. "The average sales price in Windsor ($175.55 per square foot) rose eight times as much as the national average (1.5 per cent). Lease rates climbed 13.6 per cent to $10.53 per square foot, more than double the Canadian average. "A record 1.17-million-square-feet of new construction is currently under development, not including the NextStar Energy battery plant." https://lnkd.in/dAX-9my4 #windsor #industrial #sales #development

Read the newly published report on Greater Albuquerque's industrial real estate market here: https://lnkd.in/gM9wPUpX The vacancy rate is on the rise, lease rates remain stable, and the new construction pipeline is running dry.

My Q2 2024 Industrial Market Report is live. Cleveland's industrial real estate market remained steady as the spring/summer rolled along, but leasing activity declined somewhat significantly compared to Q1. Key takeaways: ~3% vacancy rate in Q2, slowing leasing activity QoQ, average asking lease rate of $5.51/SF, ~2M SF of product currently under construction. More details in the link below! #cre #cleveland #IndustrialCLE #commercialrealestate #industrial https://lnkd.in/gGMtJP9T

My Q1 2024 Industrial Market Report is live. Cleveland's industrial real estate market continued to perform well in early 2024. Key takeaways: 3% vacancy rate in Q1, 6.5% YoY increase in asking lease rates, average asking lease rate of $5.47/SF. More details in the link below! #cleveland #industrialrealestate #cre #industrialcle

The San Diego industrial real estate market is still performing at a high level!

Attractively priced industrial real estate lease options are becoming more prevalent. One of my clients had an immediate lease requirement recently and we were able to negotiate very favorable terms on a building that suited most of their needs. The building wasn't "exactly" what they needed, but it was close enough and the price point helped to offset the couple of minor building deficiencies that they'll be able to work around. Tenants have the leverage right now and the smart landlords are recognizing this by pricing their buildings appropriately, whether through an initially attractive rate or via a major rate reduction if the building has been on the market for some time.

Industrial property values are on the rise, signaling a healthy market. But with this increase comes greater responsibility for maintaining your facilities, especially your roof. Here are some key points to consider: Preventative Maintenance: Regular upkeep is essential to avoid costly repairs and keep your roof in top condition. Quality Materials: Invest in durable roofing materials to protect your property and reduce repair frequency. Energy Efficiency: An energy-efficient roof lowers operational costs and makes your property more attractive to buyers or tenants. Compliance: Ensure your roof meets current building codes to protect your investment and enhance marketability. Expert Partnership: At Apollo Primm Commercial Roofing, we offer expert inspections and proactive recommendations to help you maintain and enhance your industrial properties. As industrial real estate grows, diligent roof management is crucial. Contact us at Apollo Primm Commercial Roofing to protect and enhance your investments. 📧 care@apolloprimm.com 📞 770.934.2888 #CommercialRealEstate #IndustrialProperty #RoofingSolutions #PropertyManagement #PreventativeMaintenance #EnergyEfficiency https://zurl.co/chUJ

Charleston-area industrial real estate market, once seemingly unstoppable, hits the brakes. The three-county Charleston region's industrial real estate market, once red hot, has cooled with average rents on the decline and supply outstripping demand.

Our latest report on Lethbridge’s industrial outlook indicates a landlords’ market by the end of 2024 with strong contributing lease rates. Tenants are proactively planning for lease renewals and preparing for potential rate increases as new builds are driven by inflated construction prices, and the cost for tenants to build out their space is more than double pre-pandemic levels. Avison Young's Josh Marti, Industrial and Investment Sales and Doug Mereska, Commercial Real Estate Investment Broker share more on the state of the market here: https://lnkd.in/eDf286re #AYdifference

Some thoughts on future of Industrial Real Estate 2024