Greenspoint Mall site to be redeveloped into $150 million CityNorth Industrial Park, developers say

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.

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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

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