What’s Next for CRE’s Industrial Sector?
October 24, 2022 – Media MentionKBS News & Insights
Partner Steve Lurie was quoted in a KBS blog post discussing what's next for commercial real estate's industrial sector.
Excerpt:
“The report that Amazon has delayed or killed plans to open more than 60 facilities, rising interest rates and the real possibility of a recession create concerns that the continued growth of the industrial market is not sustainable generally, at least in the short-term,” said Steven Lurie, a real estate attorney at Greenberg Glusker. “Despite the headwinds, we are likely to see continued new development and rent increases in supply-constrained markets with high demand.”