Bridge Industrial, a builder and owner of industrial warehouses and cold storage facilities, has seen a 25 percent to 30 percent increase in overall project costs but has offset inflationary pricing, in part, with “phenomenal rent growth,” says Tony Pricco, the firm’s chief investment officer. Since the summer of 2020, warehouse rents have increased significantly in the firm’s markets and in Los Angeles have
doubled, he says, thanks to an ecommerce boom that bolstered demand for the logistics/industrial sector.
//irei.com
