4 Reasons Why This Commercial Real Estate Sector Could Emerge From the Pandemic Unscathed
That old saw about "no room at the inn" can be changed to "no room at the warehouse" in today's market for commercial real estate.
While the travel-dependent hospitality business is generally pulling up the rear in pandemic recovery, the industrial sector is on a serious roll and is poised to emerge from this viral mess unscathed. According to a recent report from JLL, the industrial market hit a new record-low vacancy rate of 4.3% in the third quarter of 2021 as net absorption -- space newly occupied minus space newly vacant -- hit a record high of 135.1 million. Consequently, rents rose too, 7.1% year over year.
While those rent hikes pale in comparison to, say, some of our hottest housing markets, there's plenty of reasons to believe industrial CRE will thrive going forward. Here are four.
Source Fool.com
