Q2 2021 Industrial Newsletter
As of the end of Q2 2021, we're seeing construction costs reaching all-time highs, lease rates continuing to increase, and land prices climbing due to a lack of supply and an abundance of demand.
With the rise of inflation due to federal COVID relief packages, landlords are considering signing new leases with annual increases tied to the Consumer Price Index (CPI) instead of the traditional 2-3% increase.
Additionally, businesses are encountering a huge challenge with a lack of skilled labor.
To learn more about the status of the Industrial Market, view our newsletter here.