Big-box logistics warehouse tenants may be facing their most challenging year ever as a mix of strong e-commerce demand, tight supply and rising construction costs could drive up rents by as much as 10%, according to an executive for real estate services giant CBRE Group Inc. (NYSE:CBRE)
John Morris, CBRE’s industrial and logistics and retail leader, said in a webinar on Monday that the chances of double-digit rate hikes would largely depend on the pace of construction activity. The North...
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