CommercialEdge just released its monthly national industrial report, looking at the US industrial market’s performance through November 2021.
The prominence of e-commerce has been a main factor in industrial becoming commercial real estate’s darling asset class. Although e-commerce growth decelerated in Q3, online sales will continue to fuel industrial demand for the foreseeable future.
Key takeaways from our report:
- National industrial rents averaged $6.37 per sq. ft. in November, a 3.8% increase Y-o-Y.
- Industrial vacancy rate was 5.7% , ranging from 1% to 11.6% among markets.
- The average sale price of industrial assets has climbed all year and now sits at $111 per square foot, an increase of 27.4% over 2020.
- CommercialEdge recorded $62B of industrial sales so far this year.
- November closes with 294MSF of industrial supply delivered nationally.
For more insights and market-specific data, here’s the link to our full report: https://www.commercialedge.com/blog/national-industrial-report/
