Industrial Leasing Market Update

[Ronald Rohde]

Hi guys,

Wanted to share some insights from the latest in industrial leasing. In Texas, landlords of good properties continue to have strong leasing power to drive rents and concessions from tenants who need space to expand their business. Couple this with high out of state demand, e-commerce eating everything that can function, there's not a lot of legal wiggle room for tenants. Rate increases seem almost guaranteed if you're buying now.

Is anyone seeing different reactions in their sub-market? I handle leases nationwide, but its a lot of the same story.

Ron