Spec Industrial Development Accelerates Throughout Texas

Industrial developers throughout the major markets of Texas are hustling to acquire and entitle land, arrange construction financing and break ground on projects to meet ever-growing requests for an increasingly diverse group of users. Accelerated demand for e-commerce and logistics services and sustained population growth ensure that new, well-located industrial spaces will be absorbed as soon as they come on line — if not before then. Developers are increasing the proportion of spec …

November 24, 2020Industrial, Market Reports, Texas, Texas Market Reports

Omaha Industrial Market Dips Toe into Modern Speculative Development

By Kevin Stratman, CCIM, SIOR, Investors Realty Like many metropolitan areas, new construction has been the recent theme in Omaha’s industrial market. Since 2015, the Omaha market has delivered almost 5 million square feet of new flex, industrial and warehouse properties. This is significant, considering the market as a whole is only about 90 million square feet. Equally impressive, the market has kept the vacancy rate below 4 percent despite all this growth. A bulk of this development has …

November 19, 2020Industrial, Market Reports, Midwest, Midwest Market Reports, Nebraska

E-Commerce Poised to Anchor Future of Industrial Real Estate

By Marc Betesh, founder and CEO of Visual LeaseWhile the commercial real estate industry has experienced many uncertainties during the pandemic, the industrial and logistics market continues to thrive. With the rapid acceleration of e-commerce in the wake of COVID-19, major online retailers are picking up large warehousing and manufacturing spaces to keep up with the surge in demand, which is ultimately responsible for industrial real estate experiencing vacancies at historic lows in …

November 19, 2020Features, Industrial

Industrial Growth Comes Full Circle in Texas-Arkansas Border Region

By Eric Voyles, executive vice president, TexAmericas CenterYears before smartphones and decades before Zoom, community leaders along the Texas-Arkansas border decided to turn a shuttered military property into a regional economic driver.Now, with the boost of a technological revolution that makes it easier than ever to connect with companies worldwide, that venture is paying major dividends.Located in the Texarkana MSA, TexAmericas Center (TAC) is an industrial park with a unique …

October 29, 2020Industrial, Market Reports, Texas, Texas Market Reports

Kansas City Is Key Location for Warehousing, Distribution

By Ora Reynolds and Mike Bell, Hunt Midwest Kansas City industrial real estate is trending upward with no shortage of leasing activity. The city’s location in the heart of America, with 30 percent more interstate miles per capita running through it than any other city, offers efficiency and redundancy for global e-commerce and distribution operations. With over 270 million square feet of existing industrial space in both surface and underground business parks, ample land for new buildings, …

October 22, 2020Industrial, Market Reports, Midwest, Midwest Market Reports, Missouri

Missouri, Illinois Ports Collaborate to Grow Business on Inland Waterways

By Mary Lamie, Bi-State Development The key to current and future success for four ports in Missouri and Illinois is collaboration. As ports continue to play a critical role in the global supply chain, the special working relationship between the directors of the ports in St. Louis and Kansas City is helping to keep operations flowing on the inland waterways, even in the midst of the COVID-19 pandemic. Significant investments in each port are also fueling growth at each facility. “Like many …

October 15, 2020Illinois, Industrial, Market Reports, Midwest, Midwest Market Reports, Missouri

Demand Drives Bulk Industrial Construction in St. Louis Region’s I-70 Corridor

By Allison Gray, Steadfast City Economic & Community Partners The growing demand for distribution space and the related importance of freight logistics and a healthy supply chain have remained steady even though the COVID-19 pandemic continues to shake up markets across the U.S. and around the globe. This demand is evident in the bi-state St. Louis region, where more inventory of bulk distribution space has been added in the five-year period between 2015 and 2019 than at any other point …

October 8, 2020Industrial, Market Reports, Midwest, Midwest Market Reports, Missouri

New Jersey Industrial Market Displays Remarkable Resiliency Amid Pandemic

By Mark Russo, director of research, Newmark Knight Frank The industrial markets of Northern and Central New Jersey have held strong thus far in 2020 as heightened e-commerce activity has offset the disruption caused by COVID-19. Total e-commerce sales rose by 31.8 percent in the second quarter relative to that period in 2019, according to data from the U.S. Department of Commerce. While demand for retail and office space has been negatively impacted, steady rent growth and stable vacancy …

September 4, 2020Industrial, Market Reports, New Jersey, Northeast, Northeast Market Reports

Philadelphia, Southern New Jersey Industrial Market: Everything Investors Need to Know

By Marc Isdaner, senior managing director, principal, Colliers International; and Ian Richman, senior managing director, Colliers International Strong job and population growth in recent years have caused the Philadelphia/Southern New Jersey industrial market to continually rise on the radars of both investors and developers. As the nation battles COVID-19, we see demand for industrial space growing as more users look to service last-mile customers in densely populated areas. This market is …

August 28, 2020Industrial, Market Reports, New Jersey, Northeast, Northeast Market Reports, Pennsylvania

Three Reasons Cincinnati Is Industrial Hot Spot of America

By Brian Leonard and Mark Volkman Tides are changing throughout the U.S. as companies work to confront COVID-19 and its implications on the national supply chain. Changing consumer preferences are forcing businesses to reevaluate their current supply chain and diversify their sources of supply. Since COVID-19, retailers across the country have experienced a 54 percent increase in online sales. This shows the value shoppers place on convenience and accessibility — the only missing factor …

August 20, 2020Industrial, Market Reports, Midwest, Midwest Market Reports, Ohio