Good News for Warehouse Tenants! New York’s Industrial Vacancy Rate Surpasses 9% for First Time in a Decade
Industrial availability has come full circle in New York (state), with the active industrial pipeline pushing the availability rate above 9%, a figure that has not been observed since 2014. This is actually healthy for the market and is slightly north of historic “equilibrium”. The availability rate has increased for eight consecutive quarters, fueled by…