Industrial continues to surge forward
An energetic economy paired with a limited supply has led the I-80/I-880 Corridor industrial market to surge toward near historic levels this quarter. The bustle of microeconomic activity within the I-80/I-880 Corridor business ecosphere is primarily driven by the continued growth of the e-commerce sector, and is supported by the local manufacturing and logistics industries that provide stock to e-retailers. Record low inventory vacancies across the submarkets are pushing asking rates higher, and have attracted development firms to deploy institutional level capital to take advantage of current market conditions.
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