Industrial

Rent growth also rose sharply, led by a 48.1 percent increase for general industrial properties since 2007.

Commercial real estate pros remain bullish on the outlook for the industrial space.

Even in today’s “landlord market,” tenants can often gain an advantage if they begin the renegotiation process a minimum of six months ahead of the lease expiration date.

Until now, banks have been lending to cannabis-related businesses on a “don’t ask, don’t tell” basis, industry sources say.

NREI discussed possible trends to look out for in 2018 with several market observers.

Approximately 277 million sq. ft. of industrial space is currently under construction.