Posts by Mike Paleo
Mike Paleo on August 23, 2021
As industrial rents drastically rise throughout the country, the probability of moving your warehouse, distribution center or manufacturing plant is more likely than ever. Nationally, rents for industrial space were up 9.7 percent for the first part of 2021, and in the Inland Empire, for example, they are up 24.1 percent. That’s a huge increase that many occupiers have not planned for and need to be aware of. This increase is most pronounced in supply-constrained submarkets where companies are seeing rent increases of as much as twice what they may have been paying 10 years ago. These shocking increases impact affordability and the bottom line. While it might not have been a consideration before, moving your warehouse is now something that may be on the horizon for your business.Read More
Mike Paleo is a senior vice president of Hughes Marino, an award-winning commercial real estate company specializing in tenant representation and building purchases with offices across the nation. Contact Mike at 1-844-662-6635 or firstname.lastname@example.org to learn more.