Year-to-date through November, the average sale price for industrial properties in the U.S. stood at $128 per square foot, CommercialEdge data shows. The figure fluctuated throughout 2024, with highest prices recorded in the first two quarters of the year.
During the first quarter, industrial assets traded at an average of $135 per square foot, while in the second quarter the figure decreased to $126 per square foot. At the end of the third quarter of 2024, industrial sales prices averaged $122 per square foot, while early in the fourth quarter, the figure appears to be inching upward to $124 per square foot.
Last year’s prices evolved similarly throughout the year, but were lower overall, hitting an average of $124 per square foot. In the first quarter of 2023 industrial assets traded at $129 per square foot, while second-quarter prices changed hands for $130 per square foot. The last two quarters of 2023 ended with average sale prices of $120 and $117 per square foot, respectively.
—Posted on December 26, 2024
