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Seattle

Seattle Leads Global Prime Logistics Rents

Five of the 10 markets with the biggest industrial prime-rent gains of the past year are in the U.S., led by Seattle with a gain of 16.9%, Pennsylvania’s Lehigh Valley was up 10% and Oakland was up 9.3%, according to the “Global Industrial & Logistics Prime Rents” report from CBRE. U.S. industrial hubs posted the strongest growth in prime logistics rents for the past year, and Asian markets remained the world’s most expensive, as demand for top-quality warehouses and distribution centers continued to outpace supply globally.

CBRE’s Andrew Hitchcock says, “Industrial rents in the Puget Sound region have grown exponentially year over year. Class A and B industrial properties are leasing very quickly and at record high rents due to the lack of supply and accelerated demand for these types of facilities.”

The report found that prime rents in 70 major markets across the globe increased by 2.2% on average in Q1 2017, compared to the same period a year ago.


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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.