October 2026 Industrial Report: Volume of Construction Starts Rises Despite Ongoing Challenges

Despite this flurry of hurdles, the industrial outlook for 2026 is largely positive due to continued demand for new warehouses, manufacturing and logistics spaces. Yet, while construction starts are expected to continue their increase for the remainder of the year, some of the headwinds listed above are likely to put a damper on overall supply and ultimately result in growing rent rates.

Madison Avenue Manhattan

AVRS Takes 11% Stake in BXP-Owned Office Tower

AVRS Partners acquired an 11% stake in a planned 46-story, Class-A, Manhattan, N.Y., office space owned by BXP. The 930,000-square-foot development project at 343 Madison Ave. is set to be completed by 2029 and will cost an estimated $2 billion.

manhattan office space fifth avenue

Koeppel Rosen Boasts 3 New Leases Across Manhattan, N.Y., Office Portfolio

The largest of the three leases was inked by GIC Technologies, Inc., which signed a lease for 5,345 square feet of Manhattan office space at 902 Broadway.