Gilroy Freezes New Data Center Approvals With 45-Day Moratorium as Amazon’s $2B Campus Advances
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: $3.7B across 26 reported transactions. All Industrial coverage →
Computed from Real Estate Trail’s own tracked coverage
Gilroy's leaders moved to close the regulatory gap that allowed an Amazon data center to advance without public review, pausing new projects while staff drafts the city's first standards for water use, power demand an…
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