Commercial Investment Real Estate November/December 2018 | Page 9

A Place for Everything
Sharp Rise in
Single-User
Industrial Sales
Nashville, Portland, and Boston lead the way in construction of
self-storage inventory under construction.
Under Construction & Planned % of Existing Inventory
8.7%
28.0%
23.6%
Portland, Ore.
$1.0 billion
17.5%
15.4%
Orlando, Fla. 15.0%
Seattle 14.7%
New York 14.4%
San Jose, Calif. 14.4%
Charleston, S.C. 14.0%
Source: Yardi Matrix
Top 10
Industrial
Markets
Of 47 U.S. industrial markets
surveyed, 37 posted positive
absorption in 2Q2018, and
43 of the 47 posted positive
absorption for the previous
12-month period.
New York City
$897.0 million
San Francisco
$841.0 million
Greensboro, N.C.
$452.0 million
Raleigh-Durham, N.C.
Las Vegas
20.0%
Boston
Denver
$1.2 billion
Investors spent $13.2 billion on
single-user industrial properties in
the U.S. in 2017. The 1,158 prop-
erties sold totaled 171.4 million sf,
up 45.4 percent from 2016.
National Average
Nashville, Tenn.
Los Angeles
Source: Avison Young
Net Absorption
(in millions)
Market
Inland Empire (California)
6.52
New Jersey 4.81
Dallas/Ft. Worth 4.59
Atlanta 2.97
Philadelphia 2.30
Long Island, N.Y. 2.22
Columbus, Ohio 2.06
Charlotte, N.C. 1.88
Cincinnati 1.74
Phoenix 1.67
Source: Transwestern
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November | December 2018
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