REBusinessOnline

InterFace Salt Lake City Industrial Real Estate

France Media’s Western Real Estate Business magazine and the InterFace Conference Group will host the InterFace Salt Lake City Industrial Real Estate conference on November 29th at the Little America Hotel in Salt Lake City. The event will include those who are buying, selling, developing, redeveloping, leasing or financing industrial properties in the Utah area. The conference will explore the latest trends in leasing, management and operations, as well as economic and demographic trends …

Industrial Buyers, Developers Attracted to Richmond as Users Expand Locally

While there has been a strong demand for investment properties in Richmond, there remains a limited availability of both freestanding facilities and portfolio deals. In recent investment activity, the Byrd Corporate Park in eastern Henrico County sold to a joint venture between Dreyfuss Investments and Wells Holding Group for $31.3 million after previously transferring in 2011 for $26.3 million. The 10-building flex complex spans 475,783 square feet and was 80 percent leased at the time for …

Constraints in Austin Push Distribution South, Bolstering San Antonio’s Market

Less than 100 miles along Interstate 35 separates downtown Austin from downtown San Antonio. But thanks to strong job and population growth throughout the region, that short stretch is becoming home to two industrial markets that occupy distinctively different, yet thriving, niches in the local economy. The CliffsNotes version of this story is that Austin is trending toward servicing smaller, local tenants with ties to the tech sector, while San Antonio is moving toward being a regional …

Infrastructure Investments Spur Industrial Development in Chicago Market

There is no question that all signs are pointing in the right direction for the nation’s second-largest industrial market. Midway through the year, the vacancy rate has stabilized below 7 percent for the first time in over a decade. On top of that, quarterly deliveries totaled 4.5 million square feet, of which 3.9 million square feet was speculative. In the second quarter, 7.9 million square feet was absorbed. So what’s next for Chicago’s industrial occupiers? Luckily there are two …

InterFace Net Lease

The 9th annual InterFace Net Lease conference will take place October 3rd at the New York City Bar Association. France Media’s Northeast Real Estate Business and Shopping Center Business magazines are teaming with the company’s InterFace Conference division to host the event, which will cover investment, development and financing trends and discuss market conditions in the NNN and sale leaseback spaces. The event will also feature informal roundtable discussions on special …

Opportunity, Demand Define Las Vegas Industrial Market

The Las Vegas industrial sector set records in 2017, with more new construction and higher net absorption than any other time in the market’s history. New construction was dominated by pre-leased space primarily driven by transportation and logistics companies, namely ecommerce and retail-related businesses. As a result, the overall vacancy rate decreased to the second lowest level in market history. As a percentage of overall market size, Las Vegas led the country in both new construction …

After Record-Setting 2017, Baltimore Looks to Extend Its ‘Industrial Revolution’

The greater Baltimore metropolitan region achieved positive absorption of more than 6 million square feet of warehouse and industrial space in 2017, smashing the previous record by several million square feet and triggering yet another wave of speculative development activity. While on the surface there seems to be no end in sight to this unprecedented level of activity as we cross the midway point of 2018, there does exist several warning signs that are worth monitoring. But, who wants to …

Industrial Owners Find Success in Reinventing Flex and Showroom Spaces

The most active commercial real estate category in the Twin Cities metro area over the last several years, in terms of leasing activity and new construction sales, has been industrial product. New construction has been trending toward office warehouse and bulk buildings with higher clear heights, as tenants are implementing new racking systems and growing upward to optimize their space. On the surface, this trend may sound like it will leave behind the lower-clear height flex and office …

Economic Incentives Fuel Industrial Development in St. Louis Market

It has been a banner year thus far for the St. Louis industrial market with yet another milestone achieved. Mid-year absorption totaled 2.5 million square feet of space, a number more closely suited for the entire year versus the halfway point. Fueled by continued absorption, the market has more than 5 million square feet of space under construction with vacancy of approximately 4.9 percent. The continued success is no surprise. But economic incentives, often overlooked and underappreciated, …

E-Commerce Industry Solves Logistics with Air Cargo in New York City

As the e-commerce industry continues to grow and evolve, demand for industrial warehouse product located in dense urban areas situated with access to transit infrastructure, particularly air transit, has grown.  The industrial sector has been experiencing multiple years of record rent growth, both locally in New York City and nationally, with average asking rents reaching nearly $30 per square foot in western Brooklyn and parts of Queens. This rapid rise in rents is driving property values …

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