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InterFace THE Inland Empire Commercial Real Estate

Western Real Estate Business, Shopping Center Business, California Centers and the InterFace Conference Group are pleased to announce THE Inland Empire Commercial Real Estate Conference on January 23, 2019, from 10:00 am – 2:00 pm at the City of Moreno Valley conference center. Covering retail, industrial and multifamily, the event will bring together the industry players who are buying, selling, developing, redeveloping, leasing or financing properties in the Inland Empire. CLICK …

Greater Boston Industrial Market – ‘If You Build it, They Will Come’

The Greater Boston industrial market is busier than ever. Supply for quality warehouse and flex space is limited and the demand is at an unprecedented high. As a result, we have seen rents soar, achieving upwards of $7 to $7.50 Triple Net rent along I-495, and $9 to $11 Triple Net rent along Route 128, notable increases from just a few years ago. To coin a well-known quote from the 1989 film Field of Dreams, “If you build it, they will come,” and both investors and tenants continue …

Strong Manufacturing Industry Boosts Grand Rapids Industrial Market

Last month I attended the NAI Global convention in Austin, Texas, and had the opportunity to talk with industrial real estate brokers from around the country. One thing was clear: there are many markets across the country that are facing the same dilemma as we are in West Michigan. The supply of vacant industrial buildings is at an all-time low, and construction costs are rising rapidly.    Booming economy The manufacturing industry is extremely strong in West Michigan. Historically …

Location, Demand Drive Statewide Growth in New Jersey Industrial Market

A combination of location and demand for e-commerce continues to drive industrial activity across New Jersey, spurring increased activity in the already robust northern and central regions of the state and driving a frenzy of activity in the south. Unlike some of the previous speculative booms, however, this one appears be carefully thought out and is likely to be sustainable. Northern and Central New Jersey We are seeing an enormous increase in the number of tenants interested in the …

Steady Demand, Available Labor Prepare Louisville’s Industrial Market for Success

Strong market performance has allowed the Louisville industrial market to recently post the highest quarter of positive net absorption in market history during the second quarter of 2018, which occurred on the heels of the second-highest quarter of positive net absorption recorded just one quarter earlier. This outcome has been the result of recent build-to-suit projects, the availability of quality product and growing demand by new and prospective tenants in the Louisville market. Beyond …

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 Development Erupts Overnight in Plano, McKinney

While most of the Dallas/Fort Worth (DFW) area has seen a boom in industrial construction over the past decade, the Plano and McKinney submarkets have been relatively quiet until recently. Due to significant growth in residential development in the northeastern side of the metroplex, e-commerce and last-mile distribution users are increasingly demanding space in these areas. Consequently, these submarkets are no longer considered just a home for technology-based tenants. Several new projects, …

DFW Emerges As Top Five Data Center Market

Development of data centers is surging across the Dallas-Fort Worth (DFW) metroplex, and the party is really just getting started. According to research from JLL, DFW is the fourth-largest data center market in the country in terms of supply with approximately 3.7 million square feet of inventory providing 505 critical megawatts of power. DFW’s development pipeline spans more than 1.1 million square feet of new projects totaling about 215 critical megawatts that are either planned or already …

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 …

Assessing the Challenges of New Jersey’s Industrial Market

The industrial sector continues to experience seemingly limitless success, and New Jersey is one of the nation’s leading markets. Amid record-setting asking rents, vacancy rates and leasing velocity, it would be tempting for property owners, tenants and investors to become complacent while reaping the rewards of a sophisticated global supply chain, impressive gross domestic product and strong investment returns. But challenges remain, and real estate professionals should consider them when …

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