Will 2019 Set a Record for Industrial Real Estate Sales?
Updated: May 14, 2020
The current high price tags for industrial real estate don’t seem to be discouraging investors. While total investment sales volume in the sector decreased year-over-year in the second quarter, individual asset sales were up 2.7 percent over the second quarter of 2018, according to a report from real estate services firm CBRE. Total sales volume for industrial properties year-to-date was up by $10.6 billion.
With current transactions in the works, this year will likely set a record year for industrial sales volume.
According to NAREIT’s T-Tracker, which monitors operating performance of the REIT industry, industrial REIT’s invested $2.13 billion in acquisitions, net of dispositions, in the first half of 2019. During the previous year, industrial REITs focused primarily on development.