East Bay Industrial Tenant Demand Jumps 53% to 5.5MM SQFT, But Leasing Falls by Half
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
East Bay industrial tenant requirements jumped 53 percent year over year to 5.5 million square feet, yet third-quarter leasing fell by more than half and asking rents dropped nearly 12 percent as CBRE says the region…
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