Story Room

Earlier this year, Costar published an article stating demand for warehouse space is at its lowest point since 2010. Vacancy rates are up, and lease rates have leveled off with rent concessions on the increase. Construction costs are decreasing, and most building materials are readily available.

“How’s the market?” That’s the number one question brokers get asked. Most brokers will respond with simple data, like the current vacancy rate, and then talk about a few other metrics and maybe a recent deal. I have been guilty of this as well, so this week I dove into some CoStar data to better illustrate where the vacancy is in today’s market.

A fire in a warehouse can be devastating. To combat and minimize this risk, fire suppression systems are installed. Each system is designed for particular tenants, so knowing a little about your system and the maintenance it requires could be the difference between losing part or your entire product.

Tenant buildout or a tenant improvement (TI) allowance can be overwhelming and filled with a lot of grey areas.

I have been leasing industrial buildings for over 30 years, and some things never go away.