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Five years ago, when the pandemic pushed e-commerce to new High, the industrial warehouse area became the largest commercial real estate game around. It began to slow 2022. years, but now economic uncertainty, which has constantly changed tariff policy and persistently high inflation, occupy a larger toll on this preceding real estate sector.
Only 27 million square meters are spacious in the first half of this year, and demand which is only 11.3 million in the second quarter, first quarterly decline since 2010, in accordance with Naiope, commercial real estate development associations.
Since uncertainty will probably continue until the end of this year, is it that net absorption be “almost straight” in the second half of this year.
The demand for industrial space is expected to have time to adapt to the new tariff mode, “however, higher tariffs said, will probably result in a slower demand from that experienced from 2020. To 2022. Or in six years preceded by pandemic.
Naiop predicts absorption will recover starting from the second quarter of 2026. year, with overall absorption of 119.3 million square feet. Another 109.7 million square meters of absorption is expected in the first half of 2027. Years.
As for industrial property sales, this year they deal with last year’s pace of $ 74.3 billion, but 14.7% from 2023, but at 2021. years from 129.8 billion dollars in 2021. years, in relation to a special report from Charles.
Analyzing the price has also cooled after huge winnings between 2019. and 2022. year, when the average sales price of industrial property jumped 54%.
“The capital was cheap, and investors wanted to profit from the growth of the recorder that is the result of historically low industrial competitions at the top of the bidding behind,” report was observed.
So far, this year the average sales price for completed industrial transactions was only 6% higher than 2022. Years.
The national stomer for the industrial side population in July was 9.1%, more than 10 basic points since June and more than 270 points since July 2024. years. They are enabled, however, they are still more than 6.1% during the year.
“We watched that the industrial investment market relocates from dear to resilience in the past few years, but the expectation of economic clarity related to the growing demand for space,” Peter Kolaczinski said Peter Kolaczinski, director of survey Iartia.
