摘要: |
ROBUST INDUSTRIAL REAL ESTATE activity remained fully intact in the first quarter of 2021, according to data issued by Los Angeles-based industrial real estate firm CBRE. In its "Q1 2021 U.S. Industrial & Logistics Figures," CBRE explained that the U.S. industrial market "shows no signs of slowing down, with record-high asking rents and in-process development activity, low vacancy levels, and 44 consecutive quarters of positive net absorption." With shippers leasing space at what CBRE called an "historically robust pace," the firm reported that 99.3 million square-feet (MSF) was absorbed over the course of the first quarter, marking the third highest quarter on record, with the fourth quarter of 2020 being the highest, at 116 MSF. Other key data points highlighted by CBRE included: 1.construction completions, amid strong demand, fell 32.4% to 58.2 MSF in the first quarter, the lowest amount going back to the second quarter of 2019, with a record 376 MSF under construction; 2.driven by positive fundamentals and a drop in completions, the overall availability rate headed up 30 basis points to 7%, its lowest level since the first quarter of 2019; and 3.first quarter asking rents headed up to $8.44 per square-foot, 2.2% above the fourth quarter and up 7.1% annually. |