New announcements and deals
Multistory warehouses remain a rarity in New York City, largely because of restrictive zoning. But a growing number of developers are taking advantage of land use rules that allow taller industrial buildings, particularly in Queens.
The 166-foot-tall structure will span 840,000 square feet and house logistics and warehouse space featuring truck courts, a distribution center, two stories of film and television studios, office space, and on-site vertical parking.
E-commerce giant to occupy roughly half of two-story logistics center.
Cap rates are expected to increase in the second half of the year as US monetary policy enters a period of quantitative tightening.
Leasing Hits Record as Analysts Watch for Signs of Consumer Spending Slowdown
The Innovo Property Group founder saw the industrial sector's historic shift before anyone else.
Urban Warehouses Are Key To Logistics Success @InnovoPG @JillMalandrino @TradeTalks
Multi-story construction is now economically justified in many markets due to skyrocketing land prices for industrial development.
US commercial property price growth continued its upward trajectory with all four major property types posting double-digit annual price growth, according to Real Capital Analytics.