More evidence came to light in a report published Wednesday by Colliers International Group Inc. demonstrating the U.S. industrial real estate sector was able to withstand the impact of higher interest rates to deliver a strong fourth-quarter performance.
Leading the way was data showing the highest annual rental rate growth in the sector’s long history. Average asking rents rose to $8.10 per square foot in the quarter, an astonishing 18.9% year-on-year increase, Colliers said.
At the same time,...
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