Office vs. Industrial 2022

November 9, 2022

These are the crazy times in CRE. I have been leasing office space for 38 years and have NEVER seen the discrepancy in Office vs Industrial so great.  It’s a tale of two markets for sure.

Below, find a list of Office and Industrial buildings under construction as of Q2 2022. The difference between Office and Industrial is staggering.  

Here are some takeaways:

–Office is not getting overbuilt.

–Industrial is on fire.  They leased 5X their normal amount in 2021 and are on track to lease 3-4x in 2022. 

–Even with all the industrial leasing, there is still a ton of spec industrial being built. 

–It`s a CRAZY market.

Email me with any questions or if you want to discuss this further.
 


602.954.3762
ccoppola@leearizona.com


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