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Average per square foot price for industrial product sees significant growth

  • ​Industrial product in Silicon Valley has seen tremendous growth in terms of average price per square foot since 2014. This growth is primarily driven by office and multi-family developers who demolish the industrial buildings for new developments that offer higher returns.

  • The growing success of e-commerce and advanced manufacturing could slow this trend in some submarkets in the Valley. Following six consecutive years of rent growth across the nation, industrial product has become a favored property type among investors. The additional interest will only add more competition for space and continue to drive up rates.

Source: JLL Research, RCA​

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