Skip to content
Search AI Powered

Latest Stories

Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

LightBox-SIOR Industrial Sentiment Report: Record Sales Expected for 2021

The surge in e-commerce activity during the pandemic continues to drive leasing, construction and sales of industrial space in the U.S. A new report from LightBox-SIOR shows that nearly 72% of experts surveyed expect sales to increase in 2022.

LightBox-SIOR Industrial Sentiment Report: Record Sales Expected for 2021

Carlsbad, CA (Oct. 20, 2021)—The robust growth in e-commerce during the pandemic is fueling an unprecedented race for space in the industrial sector and pushing investment sales activity to record levels. According to a newly released LightBox-SIOR Industrial Investor Sentiment Report, vacancy rates are below 4% in many markets and 2021 investment sales activity is expected to exceed the record $120 billion set in 2019.

According to the report, investors remain bullish on the outlook for the industrial sector going into 2022, with 71.7% of survey respondents expecting investment levels to increase and 49% of those respondents predicting a significant increase. Another 24.3% predicted the levels will remain the same. Only 4% of respondents expect a decrease in activity. Industry research shows that mid-year 2021 industrial sales volume reached nearly $52 billion, with the average sales price rising nearly 25% year-over-year to $120 per square foot.
While the industry is experiencing notable headwinds from supply chain disruption, rising construction costs and labor issues, investors remain bullish on the sector’s long-term outlook. “As e-commerce continues to transform our economy, investors are looking for every opportunity to gain entry or expand their positions in the industrial sector,” says Tina Lichens, Senior Vice President, Broker Operations, LightBox. “The industrial sector is attracting significant amounts of domestic and foreign capital and is well-positioned to withstand supply chain disruption or other volatility that might occur.”


The report incorporates views from leading commercial real estate investors, brokers, and development professionals across the U.S.

Key findings of the 2021 LightBox-SIOR Investment Sentiment Report include:
• E-commerce will continue to drive industrial space usage for the foreseeable future. E-commerce sales grew by 40% over the past year and are expected to reach $1.1 billion by 2025.
• Rents are expected to rise by 5% to 7% or more in 2022. Approximately 60% of survey respondents predicted rental rate increases of more than 5%, for example. Occupier demand, led by retailers and logistics providers, will push rents higher; rates could reach double digits in many markets. Asset pricing could increase the same or more. Among the top markets for year-over-year rent growth in 2021 are Northern New Jersey (33.3%), Inland Empire (28.3%), Philadelphia (25.9%) and Nashville (20.3%).
• Industrial construction continues at a strong pace, with 151.5 msf completed in the first half of 2021. The development pipeline is 410 msf, with 60% of it preleased. Among the top markets for construction are: Dallas Fort-Worth, Atlanta, and Chicago.
# # #

About LightBox 

LightBox is the world’s leading real estate information and technology platform. Through operational excellence and a passion for innovation, LightBox facilitates transparency, efficiency, insight, and prediction for real estate investment and location analytics. Our customers include commercial and government agencies requiring definitive real estate data and powerful workflow solutions, including brokers, developers, investors, lenders, insurers, technology providers, environmental consultants, and valuation professionals. LightBox is backed by Silver Lake and Battery Ventures. Learn more at www.lightboxre.com.  

https://www.lightboxre.com/resources/report/investor-sentiment-report-industrial-october-2021/

The Latest

More Stories

Averitt Promotes David Fussell to Vice President of Dedicated Sales

Averitt Promotes David Fussell to Vice President of Dedicated Sales

COOKEVILLE, Tenn. — Averitt has promoted David Fussell to vice president of dedicated sales, following the retirement of Walt Gray.

Fussell joined Averitt in 1991 and has held several key positions throughout his career. He served as a transportation sales specialist in Decatur and Nashville, later becoming service center director in Little Rock. In 2018, he transitioned to director of dedicated sales, working closely with Gray to expand the company’s dedicated accounts and deliver customized solutions to customers.

Keep ReadingShow less

Featured

Schneider is first major carrier to achieve six million zero emission miles with the Freightliner eCascadia

GREEN BAY, Wis.-- Schneider National, Inc. (NYSE: SNDR), a premier multimodal provider of transportation, intermodal and logistics services, is marking another significant milestone as its battery electric vehicle (BEV) fleet has surpassed six million zero emission miles, highlighting its commitment to reducing carbon emissions and advancing cleaner transportation.

“Reaching six million zero emission miles is a testament to our steadfast dedication to sustainability and innovation,” said Schneider President and CEO Mark Rourke. “Leading the way in adopting electric vehicle technology not only benefits the environment but also serves as an example of the broad service capabilities and flexibility we can offer to customers.”

Keep ReadingShow less
Roboteon announces breakthrough simulation capability for mobile robots in distribution

Roboteon’s Warehouse Robotics Fulfillment platform

Photo courtesy of Roboteon

Roboteon announces breakthrough simulation capability for mobile robots in distribution


Roboteon, provider of a powerful software platform for warehouse robot enablement, announces breakthrough simulation capabilities in its platform for robotics and other warehouse automation. The new tool help companies make better decisions across multiple time horizons, from initial automation planning through real time execution on the floor.

Interest in Autonomous Mobile Robots (AMRs) and other robotics is high, but there remains much uncertainty about use cases, the number of AMRs and humans needed across different time horizons, expected operational improvements, and cost savings from the robotics investment.

Keep ReadingShow less
Gather AI Expands Inventory Intelligence Solution into Freezer & Cold Storage Warehouse Environments
Gather AI

Gather AI Expands Inventory Intelligence Solution into Freezer & Cold Storage Warehouse Environments

Pittsburgh, PA – November 19, 2024 – Today inventory intelligence solution Gather AI announces its expansion into freezer and cold storage warehouse environments, an industry-first for inventory monitoring automation.

According to Grand View Research, the U.S. cold storage market size was valued at $40 billion in 2023 and is expected to reach $97 billion by 2030. This can be attributed to technological advancements in packaging, processing, and storage of temperature-sensitive items.

Keep ReadingShow less

VARGO® announces several vendor partnerships and client expansions in Q3 2024

Dublin, Ohio (November 19, 2024) — VARGO®, a leading provider of material-handling systems integration, warehouse execution software and equipment solutions, has announced several new vendor partnerships and customer advancements that are helping them to create efficiencies and empower fulfillment.

VARGO® and Tompkins Robotics have signed a mutual partnership, designating VARGO® as an authorized integrator of the technology. “Tompkins is an obvious choice in partner for us,” said Bart Cera, CEO. “Their robotics solutions are conducive to a weightless, continuous flow as well as being modular and quickly deployable. Their solutions have the ability to shrink or grow with the size of our customer’s operation which will allow us to utilize it often and in many different merchandise categories.”

Keep ReadingShow less