Louis Tomaselli Louis Tomaselli

Industrial land prices are reaching historical highs, and are now competing with multifamily land prices in some areas. Land prices have been in fueled by the tremendous demand and industrial rent growth in the last few years, which has led industrial to become one of the most profitable asset classes for development. Now, the market is competing with multifamily pricing. Although zoning restrictions don’t often allow the markets to compete directly, the comparison illustrates strength of the industrial sector.