National Industrial Sales Volume Reaches $58B

CommercialEdge released its September Industrial report analyzing the U.S. office market’s performance through August 2022. 

The risks of producing goods overseas have been brought to the forefront in the past years by the pandemic and the global geopolitical context, among others. 

As a result, many companies are already working on transferring their operations back to the U.S. The semiconductor industry is already reshoring, making it easier for other manufacturers to follow suit.   

Key findings from our report:   

  • The average U.S. in-place rent stood at $6.64 per square foot, up 5.5% year-over-year 

  • Down 30 basis points month-over-month, the national vacancy rate rested at 4.1% 

  • 703.5 million square feet of new industrial space was under construction at the end of August 

  • The national industrial sales volume totaled $57.6 billion in the first eight months of the year 

For more insights and market-specific data, check out our full report here:  

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Kroger signs on to backup energy storage solution in California

Kroger is adopting e2Cos.’ R3Di system to guard its Ralphs distribution center in California against power outages. Installation for the backup energy storage solution is expected to wrap up by early summer, allowing the on-site system to be used as primary or standby backup power

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