Cities get more say in data center development under new California laws
Why this matters
Industrial has moved into a normalization phase after the 2020-2023 frenzy. Vacancies are up modestly, sublease space remains a watch item in the big-box logistics segment, and rent growth has shifted from double-digit to mid-single-digit. The long-term tailwinds — nearshoring, e-commerce penetration, infill scarcity — remain intact. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- Disclosed industrial deal value tracked in September 2026: $4B across 30 reported transactions. All Industrial coverage →
Computed from Real Estate Trail’s own tracked coverage
Data center developers must disclose energy and water use, pay more for grid infrastructure and undergo environmental review under seven bills Gov. Gavin Newsom signed into law Monday.
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