There is extremely limited availability of warehouse/industrial space... and what IS available is 30%-50% more than it was in 2019. I locked in at $0.95/sq ft but the going rate is now at least $1.35 or more and that’s for a large space. If you just want a few 1000 sq ft it’s very high. Of course, I want it to come down.
Home prices are softening a bit, depending on where you look. I saw a motivated seller knock 10% off the ask. Was still expensive. Others are moving down but not many that aggressive yet.
“$0.95/sq ft”
HECK, I’ve seen $2.50 and they’re fighting over that space on maple ave. / and even San Julian in the fashion district. Mostly Iranian jews spoke with just recently before they head to Yom kippur by sun down tomorrow..