Occupiers of industrial properties are increasingly opting to purchase rather than rent their buildings.
There were 2,504 industrial sales to owner-occupiers in 2024, a 32% increase from the prior year`s total of 1,895, according to a new CBRE report that looked at facilities of more than 10K SF. The trend is contributing to increased industrial property values, the report found. The average sale price of an industrial property was up 5% last year, reaching $152.42 per SF.
CBRE said the trend is fueled by a variety of long-term cost savings implications, including tax deductions, the ability to renovate or customize the space, and using it as a long-term investment. ..
RSK: At some of the asking prices these properties do not make sense for an investor....but make some sense for an owner occupant.
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- - Volume: 25 - WEEK: 14 Date: 4/2/2025 9:34:10 AM -