While commercial real estate vacancies persist, the warehouse boom is still going strong. A CBRE analysis found that from January through May, first-year base rents on leases of a year or more rose by 9.7 percent year-over-year, CNBC reported. Large warehouses have seen even sharper rent growth — 13.2 percent for leases of 500,000 square feet or more and 11.6 percent for those between 100,000 and 499,999. Nearly 100 million square feet of commercial space The post Bulk warehouse rent surges 13% in a year as industrial boom powers on appeared first on The Real Deal New York.
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