Office-To-Industrial Conversions Expected To Tick Up In 2022

Office-To-Industrial Conversions Expected To Tick Up In 2022

The industrial market grappled with historic vacancies in the third quarter, with the metric hitting 4.6%. Meanwhile, the office market continued to slump, and older, less amenity-rich product suffered most. That divergence is increasingly driving investors and developers to consider industrial redevelopment opportunities for some unproductive office properties.

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