Renewed rental contracts for warehousing report higher rental rates - WSJ

CBRE Group’s report states that occupiers are leasing spaces at high rates to handle the increase in inventory requirements

The rising demand for industrial real estate in Q3 brought down the vacancy rate to a record low of 3.6%

Rental rates for multiyear warehousing leases are rising sharply as real estate firms wish to incorporate the costs incurred during the pandemic in renewed contracts.

A report by real estate firm CBRE Group, first reported by Wall Street Journal, stated that that robust demand for space due to strong e-commerce sales and warehouse storage facilities has prompted owners to raise prices.