![]() ![]() In a gloomy sector, so-called big boxes are a bright spot. Meanwhile, listed real estate investment trusts which own industrial warehouses trade at a narrowing discount to net asset value, according to S&P Global Market Intelligence. Direct asking rents of industrial buildings have grown steadily to about $9 per square foot, from about $6 per square foot in 2019, according to commercial real estate services firm Avison Young. It’s a state of affairs playing out across the industry. In other words, income will rise as leases come up for renewal. But that ratio, known in the industry as the cap rate, rises to 5.75% when applying current market rents. ![]() The seaman can buy a wide range of quality items, from exclusive watches to multimedia and fashion. According to the two companies, the net operating income generated by the warehouses is 4% of the acquisition price. Home Reviews Photos Community About See all ScheurAntwerp, Belgium Sunny is a tax-free shop for the maritime sector. Warehouses, especially those in populated centers, are sought-after for a few reasons: More people are shopping online, space is scarce, and construction costs keep rising. That’s a sharp contrast to other landlords saddled with office buildings or shopping malls. The portfolio includes 14 million square feet of industrial properties in cities like Atlanta, Phoenix and Dallas, and the deal is premised in part on rising rents. Blackstone (BX.N) highlighted one of them on Monday when the investment firm led by Steve Schwarzman agreed to sell a group of warehouses to Prologis (PLD.N) for $3 billion. commercial real estate industry is mired in gloom, but some pockets are still sunny. NEW YORK, June 26 (Reuters Breakingviews) - The U.S. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |