Los Angeles - Nov. 29, 2018 - The industrial real estate market in the Americas can be as complicated as the region is vast: Affordable lease rates in Monterrey and Montreal, tight vacancy in Oakland, strong infrastructure in the U.S. and Canada.
A new interactive database unveiled today by CBRE, called the Americas Industrial & Logistics Occupier Guide, makes these and many other variables understandable and comparable for more than 30 major logistics markets across North and South America.
The online, searchable database includes market statistics such as wage rates, infrastructure quality, and average asking rents. Drilling deeper, the guide provides layers of information on each market, including tax rates, average rent escalations, parking ratios and who bears responsibility for various occupancy and transaction costs.
"Rarely will Industrial & Logistics occupiers find this breadth of relevant information in this level of detail amassed in one resource," said Adam Mullen, Leader of CBRE's Americas Industrial & Logistics business. "Today's occupiers of industrial real estate must have access to deep, sortable data to practice intelligent site selection, and they need it as early in their process as possible. This database can help them make complex decisions as they weigh important variables like labor costs, transportation costs and proximity to their customers."
CBRE intends to update its Occupier Guide on an annual basis so that users can assess fluid situations such as whether Chile and Panama continue to offer the most affordable labor rates for transportation and warehousing in the Americas; or whether industrial lease rates in Los Angeles, Seattle or Vancouver will surpass those in Oakland as the priciest.
"CBRE has drawn on its resources as the world's largest commercial real estate services company to compile this unique tool to help occupiers navigate the complicated Industrial & Logistics markets of the Americas," said Nicole Bennett, CBRE Solutions Leader, Americas Industrial & Logistics. "We look forward to continually updating and expanding this database as the needs and objectives of industrial users grow."
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
Company: CBRE
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