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New Distribution Centers Hold Onto Property Values Despite Higher Interest Rates

Bynewsmagzines

Jun 9, 2023
In May 2023, Invesco Real Estate bought the West Essex Logistics Center in Livingston, New Jersey, for over $98 million. At $335 per square foot, the price was one of the highest ever recorded on a per-square-foot basis for a newly built distribution center in the state. (CoStar)




Record-Breaking Rent Growth Has Helped Buoy Asset Pricing

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