Pay Dirt: Industrial Land Prices Rise Sharply

​​​​​​​U.S. – Distinct development patterns have emerged to support e commerce fulfillment, and are reflected in the increasing cost of land, according to CBRE’s U.S. MarketFlash report | Pay Dirt: Industrial Land Prices Rise Sharply. 

In 2017, land prices rose sharply for development of warehouse—both “first-mile” and “last-mile”—due to strong demand and a diminishing supply of viable sites. 

In the ten most active warehouse construction markets, rising land prices are contributing to higher rental rates, which remain a small component of total logistics costs.