REBusinessOnline

Array of Industries Drives New Jersey Industrial Market’s Growth

New Jersey’s industrial market continues to expand, driven by a plethora of industries, including retail, manufacturing, food companies, transportation and logistics. As the popularity of e-commerce shows no signs of abating, New Jersey has become a key location for distribution centers and last-mile delivery hubs to serve the entire Northeast region. E-retailers are scooping up available industrial space, taking advantage of New Jersey’s excellent air, freight, port, and rail …

Myriad Factors at Play for St. Louis Industrial Market Activity

The St. Louis industrial market continues to rally after posting 22 straight quarters of positive absorption. Record leasing activity and historically low vacancy have put the region on pace to deliver another 6.5 million square feet of Class A industrial space in 2019. This is in a market that averages deliveries of approximately 2.5 million square feet annually. Current drivers engendering this industrial activity include the following. Discipline Developers in St. Louis have long been …

InterFace Phoenix Industrial 2019

Western Real Estate Business and the InterFace Conference Group are pleased to announce the annual InterFace Phoenix Industrial Conference on September 11th at The Hilton Scottsdale Resort & Villas. The big event will include those who are buying, selling, developing, redeveloping, leasing or financing industrial properties in the Arizona area. The conference will explore the latest trends in leasing, management and operations, as well as economic and demographic trends that impact the …

InterFace DFW Industrial 2019

Texas Real Estate Business and the InterFace Conference Group are pleased to announce the annual InterFace DFW Industrial Conference on September 4 at The Westin Galleria. The big event will include those who are buying, selling, developing, redeveloping, leasing or financing industrial properties in Texas. The conference will explore the latest trends in leasing, management and operations, as well as economic and demographic trends that impact the industrial real estate market in Texas. The …

Diverse Mix of Industries Propels Dallas Industrial Market to New Heights

Until about six years ago, the Dallas-Fort Worth (DFW) industrial market was considered a second-tier market, lagging behind the likes of New York-New Jersey, Chicago and Los Angeles in terms of investor interest and demand. Today, the metroplex is not only holding its own with the traditional gateway markets, but in some cases surpassing them, thanks to growth from an exceptionally diverse group of tenants and industries. Natural population growth throughout North Texas has prompted stronger …

Philadelphia’s Industrial Market Is Ready for More Speculative Development

Demand for industrial space in Philadelphia and suburban Pennsylvania counties has been strong over the last five years. The last meaningful wave of speculative construction occurred in 2002. Couple that with the fact that much of the area’s industrial inventory was built prior to 1980, and we have a market that is ready to absorb a rising volume of speculative product. Organic growth and new-to-market requirements have absorbed most of the quality supply, leaving inventory that is at 40 to …

Charlotte’s Industrial Market Is in Aggressive Expansion Mode

Charlotte has been in expansion mode for several years, due to population growth, excellent logistics infrastructure, low operating costs and low unionization rates. At the mid-point of 2019, the market continues to expand at a healthy rate and is growing outward into Cabarrus, York and Gaston counties. This expansion follows a strong 12-month period ending first-quarter 2019 when nearly 6 million square feet of new product was delivered. Now encompassing 322 million square feet of space, …

Cincinnati Industrial Market Absorption Drives 8 MSF in New Construction

In 2018, the Greater Cincinnati industrial market experienced record-breaking positive net absorption of 7 million square feet, the highest level of absorption in more than a decade. This was followed by only 201,000 square feet of direct net absorption in the first quarter of this year, which at first glance could be concerning. But the good news is that 8 million square feet is currently under construction across our market. Over the past five years, new construction deliveries have been a …

With Oil Recovering, Houston Industrial Market Turns to Distribution

For many years, companies seeking to establish major distribution operations for the southwestern United States flocked to one market: Dallas-Fort Worth (DFW). Any deal that required a warehouse or logistics space of several hundred thousand square feet or more headed to the metroplex, and Houston received what was left — deals falling anywhere from 20,000 to 100,000 square feet. That began to change in 2010, when oil was consistently trading at close to $100 per barrel. Subsequent …

Industrial, Office Investment Demand Rises in Westchester, Fairfield Counties

The investment markets for office, industrial and flex properties in Westchester and Fairfield counties have seen significant activity over the last 12 months. Both debt and equity capital have been flowing into the urban and suburban areas of the counties, demonstrating that these submarkets are viable alternatives to New York City. This year has witnessed one of the largest transactions to ever take place in Westchester and Fairfield counties since we have been recording statistics.  This …

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