E-commerce and biopharmaceutical companies seeking space stoke record performances across key indicators
SANTA BARBARA, California, June 11, 2018 /PRNewswire/ --
E-commerce and biopharmaceutical companies seeking space stoke record performances across key indicators
A new market analysis compiled by Yardi(R) Matrix reports that the industrial sector of the U.S. economy is performing solidly. Warehouse and distribution assets posted double-digit total returns, record low vacancy rates and all-time high rents in 2017 and are on track for an even stronger year in 2018, according to the report.
(Logo: https://mma.prnewswire.com/media/676064/Yardi_Logo.jpg )
The report, titled “Hitting Its Stride,” details how rising e-commerce sales and online retailers’ focus on moving closer to customers have made warehouse space popular with both investors and tenants.
Biopharmaceutical companies, whose growth potential and long-term returns have drawn increasing investment attention, are seeking new locations away from such traditional centers as Boston, San Francisco and Seattle. Meanwhile, rising imports, expanded Panama Canal capacity and larger cargo ships have driven up demand for industrial space at U.S. seaports. These and other factors “prompted a number of architects to design [warehouses] upward instead of outward,” the report says, and inspired new designs to accommodate direct consumer delivery, refrigeration, vertical development and sustainability.
The report, which can be downloaded here [http://www.yardimatrix.com/Media/Downloads/File/448-Spring2018YardiMatrixIndustrialOutlook?signup=false&utm_source=press_release&utm_campaign=matrix_industrial ] , also includes a Q&A with Jim Connor, chairman and CEO of industrial asset owner and operator Duke Realty Corp.
Yardi Matrix offers the industry’s most comprehensive market intelligence tool for investment professionals, equity investors, lenders and property managers who underwrite and manage investments in commercial real estate. Yardi Matrix covers multifamily, industrial, office and self storage property types. Email matrix@yardi.com, call 480-663-1149 or visit yardimatrix.com [http://www.yardimatrix.com/?utm_source=press_release&utm_campaign=matrix_industrial ] to learn more.
About Yardi
Yardi develops and supports industry-leading investment and property management software for all types and sizes of real estate companies. Established in 1984, Yardi is based in Santa Barbara, Calif., and serves clients worldwide. For more information on how Yardi is Energized for Tomorrow, visit yardi.com [http://www.yardi.com/?utm_source=press_release&utm_campaign=matrix_industrial ].
Photo: https://mma.prnewswire.com/media/676064/Yardi_Logo.jpg
SOURCE Yardi
