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Monday, February 19th, 2018

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New Data Shows Industrial Site Prices Are Trending Upward

Source: Ackman-Ziff Real Estate

The Real Deal says that while residential towers and office spaces have been trending in development, industrial spaces, like such as the Whitestone Multiplex property in the Bronx which sold for $75M, are seeing a rise in prices as demand increases.

The Bronx leads with a rise of 81% for the average price per foot for industrial space. Overall the city’s industrial site prices have increased since 2013, according to recent data analysis.

Read the full February 12, 2018 report by Will Parker on THE REAL DEAL…

 

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