The Dallas-Fort Worth (DFW) and Houston metro areas have vastly different opportunities and challenges in terms of commercial real estate. Yet this year both have both landed in the top five in the nation for industrial development. Driven by strong population and job growth, DFW and Houston don’t expect their industrial expansions to slow down any time soon.
At the end of the second quarter, DFW was No. 2 in the country in industrial development behind California’s Inland Empire, with …
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 …
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 …
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 …
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 …
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 …
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 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, …
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 …
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 …
