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US warehouse demand shows signs of cooling

from JOC.com

From April 25: Average rents for U.S. industrial space rose for the 21st straight quarter in the first three months of 2019, but the proportion of available space versus total buildout is flattening. That suggests shippers and third-party logistics operators may be slowing down their distribution centers and warehousing expansions. After 34 quarters in which availability rates declined, the rate fell by a "modest" amount and the change was "essentially flat" in the first quarter of 2019, according to a new report by CBRE. more


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