industrial demand

Industrial Demand in 2017

Market InsightMarket Reports

2017 saw a variety of industrial demand levels – investment sales reached new heights, while leasing slowed for the first time in three years.

The Prince George’s County industrial market experienced an increase in vacancy, going up to 7.6% as opposed to last year’s 6.5%. However, there were two large Class A leases signed in 2017.

Despite the slowdown in leasing activity, industrial demand from investors has been strong. Pricing has reached an all-time high, and scarcity of industrial-zoned land will keep the market tight.

In 2018, we expect to see increased industrial demand in leasing. Additionally, evidence shows sales values for industrial should reach over $150 per square foot.

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