Based on Data From CBRE, Interactive Guide Gives Users of Industrial Real Estate Quick Access to Vital, Market-By-Market Information and Rankings
The industrial real estate market in the Americas can be as complicated as the region is vast: Affordable lease rates in Monterrey and Montreal, rising rents and tight vacancy in New Jersey, strong infrastructure in the U.S. and Canada.
A new interactive database unveiled today by CBRE, called the “Americas Industrial & Logistics Occupier Guide,” makes these and many other variables understandable and comparable for more than 30 major logistics markets across North and South America.
For the New Jersey market, the online, searchable database includes market statistics such as wage rates, infrastructure quality and average asking rents. Drilling deeper, the guide provides layers of information on each market, including tax rates, average rent escalations, parking ratios and who bears responsibility for various occupancy and transaction costs.
“As New Jersey continues to be one of the hottest industrial markets in the nation, with record high average asking rents and absorption rates, having the right information available at your fingertips is invaluable,” said Jeff Hipschman, Senior Managing Director, CBRE. “From knowing who is responsible for property taxes and paying for utilities and parking, to purchase and sales data, our interactive database has all of the facts available for corporate decision makers.”
“Rarely will Industrial & Logistics occupiers find this breadth of relevant information in this level of detail amassed in one resource,” said Adam Mullen, Leader of CBRE’s Americas Industrial & Logistics business. “Today’s occupiers of industrial real estate must have access to deep, sortable data to practice intelligent site selection, and they need it as early in their process as possible. This database can help them make complex decisions as they weigh important variables like labor costs, transportation costs and proximity to their customers.”
CBRE intends to update its Occupier Guide on an annual basis so that users can assess fluid situations such as whether Chile and Panama continue to offer the most affordable labor rates for transportation and warehousing in the Americas; or whether industrial lease rates in Los Angeles, Seattle or Vancouver will surpass those in Oakland as the priciest.
“CBRE has drawn on its resources as the world’s largest commercial real estate services company to compile this unique tool to help occupiers navigate the complicated Industrial & Logistics markets of the Americas,” said Nicole Bennett, CBRE Solutions Leader, Americas Industrial & Logistics. “We look forward to continually updating and expanding this database as the needs and objectives of industrial users grow.”
To review the Industrial & Logistics Occupier Guide, click here.
The industrial real estate market in the Americas can be as complicated as the region is vast: Affordable lease rates in Monterrey and Montreal, rising rents and tight vacancy in New Jersey, strong infrastructure in the U.S. and Canada.
A new interactive database unveiled today by CBRE, called the “Americas Industrial & Logistics Occupier Guide,” makes these and many other variables understandable and comparable for more than 30 major logistics markets across North and South America.
For the New Jersey market, the online, searchable database includes market statistics such as wage rates, infrastructure quality and average asking rents. Drilling deeper, the guide provides layers of information on each market, including tax rates, average rent escalations, parking ratios and who bears responsibility for various occupancy and transaction costs.
“As New Jersey continues to be one of the hottest industrial markets in the nation, with record high average asking rents and absorption rates, having the right information available at your fingertips is invaluable,” said Jeff Hipschman, Senior Managing Director, CBRE. “From knowing who is responsible for property taxes and paying for utilities and parking, to purchase and sales data, our interactive database has all of the facts available for corporate decision makers.”
“Rarely will Industrial & Logistics occupiers find this breadth of relevant information in this level of detail amassed in one resource,” said Adam Mullen, Leader of CBRE’s Americas Industrial & Logistics business. “Today’s occupiers of industrial real estate must have access to deep, sortable data to practice intelligent site selection, and they need it as early in their process as possible. This database can help them make complex decisions as they weigh important variables like labor costs, transportation costs and proximity to their customers.”
CBRE intends to update its Occupier Guide on an annual basis so that users can assess fluid situations such as whether Chile and Panama continue to offer the most affordable labor rates for transportation and warehousing in the Americas; or whether industrial lease rates in Los Angeles, Seattle or Vancouver will surpass those in Oakland as the priciest.
“CBRE has drawn on its resources as the world’s largest commercial real estate services company to compile this unique tool to help occupiers navigate the complicated Industrial & Logistics markets of the Americas,” said Nicole Bennett, CBRE Solutions Leader, Americas Industrial & Logistics. “We look forward to continually updating and expanding this database as the needs and objectives of industrial users grow.”
To review the Industrial & Logistics Occupier Guide, click here.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
