U.S. Has Fastest-Rising Rents For Top-Quality Warehouses, Distribution Centers
By Michael Gerrity | World Property Journal
According to CBRE, U.S. industrial hubs posted the strongest growth in prime logistics rents for the past year, and Asian markets remained the world’s most expensive as demand for top-quality warehouses and distribution centers continued to outpace supply globally.
CBRE’s second-annual Global Industrial & Logistics Prime Rents Report found that prime rents in 70 major markets across the globe increased by 2.2 percent on average in Q1 2017 compared to the same period a year ago. That growth rate continues a string of several years of growth in the measure.
