Commercial Real Estate Insights Podcast
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Burlington’s Industrial Market Rebalances: 5.3% Vacancy, $354/SF, and Why Tenants Are Finally in Control
In this episode, Steve Hamoen provides an overview of the topics covered, focusing on Burlington's industrial market. He examines vacancy rates, pricing trends, and strategies tenants are adopting in response to current conditions. Steve offers a historical perspective on the market, discussing how past trends have shaped current market discipline. He identifies key takeaways for both investors and tenants, highlighting potential opportunities and challenges. The episode concludes with Steve's closing remarks and a call to action for listeners.
Key Points
- Burlington's industrial vacancy rate has climbed to 5.3%, giving tenants more leverage in lease negotiations.
- Despite increased availability, industrial sale prices in Burlington have risen by 17% year-over-year, averaging $354 per square foot.
- Burlington's industrial market is shifting towards greater flexibility and innovation, offering early move-ins and customizable spaces for tenants.
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Transcript
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