Small bay industrial properties have been a standout category of commercial real estate in recent years. A dearth of new development has kept vacancy rates for these smaller properties tight during 2023 and 2024, even with increases among other categories of commercial real estate favored by investors, such as bulk logistics facilities and apartments.
Rents for small industrial spaces hit affordability ceiling in the most expensive US markets
Record increases, reached mid-pandemic, test limits of what smaller tenants can afford
CoStar Analytics
February 25, 2025 | 3:35 P.M.
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