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In its report, entitled “ Breaking Ground: Market Rents Justify New Warehouse Development,” CBRE said it analyzed the gap between pro forma rents in ten United States markets, which it defines as the rental rates that developers can reasonably expect to obtain on newly built warehouses, as well as breakeven rents, which it defines as the rents needed by developers to cover all development expenses. CBRE Real Estate Data 2018, New Warehouse Development in 2018 CBRE

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