PC Miami RE

The Industrial sector as a CRE asset class nationwide has been on a real tear in terms of both prices increase (up 25% on average) and volume (in early Nov.. 2021 already surpassing all of 2020).

Ecommerce has been the main driver, helping eclipse and stealing thunder from out-of-fashion brick and mortar Retail. It also helps the Industrial sector having hardly any of the pandemic issues that the Office sector has had to contend with, while benefitting from a supply shock underway coupled with pent-up demand for goods. This has made proper warehousing and logistics essential to the global business and economy. As a result, institutional players worldwide have increased their allocation to industrial, and now there is an actual shortage of warehouses in many places (especially "last-mile" urban settings) until more supply and development is delivered.

https://www.globest.com/2021/11/23/industrial-deals-have-now-surpassed-2020-levels/