Growing Pool of Investors Targets Multifamily, Industrial Deals in Fort Worth

By Bobby Weinberg, senior vice president of debt and equity, NorthMarq Employment growth is providing a powerful tailwind for the Dallas-Fort Worth (DFW) commercial real estate market. And while Dallas may be the headline name that is attracting employers and investment capital to the metroplex, Fort Worth is commanding attention as a formidable market in its own right. DFW embodies a classic story of a high tide raising all boats. The metro has been one a national leader in terms of …

July 20, 2021Industrial, Market Reports, Multifamily, Texas, Texas Market Reports

Chicago Industrial: Full Speed Ahead at End of Second Quarter

By Adam Haefner, Avison Young The Chicago industrial market continues to move at full speed at mid-year 2021, with strong tenant demand keeping vacancy around 6 percent, despite 64.7 million square feet of new construction added since 2018. At this stage in the pandemic recovery, large corporate healthcare, retail, logistics and e-commerce businesses continue to drive much of the leasing activity, which totaled 27.5 million square feet near the mid-point of 2021. Companies such as Wayfair, …

July 15, 2021Illinois, Industrial, Market Reports, Midwest, Midwest Market Reports

Despite Pandemic, Wichita Market Experiences Significant Urban Development

By Tom Johnson, NAI Martens The overall Wichita economy is not out of the woods yet, but numerous factors point to a continuation of the recovery from both the Great Recession and the impact of the pandemic. Since the significant employment downturn during the second quarter of 2020, the Wichita metro area has markedly recovered but remains well below 2019 non-farm employment. The seesaw unemployment rate has now declined to just over 5 percent. All employment sectors are expected to increase …

June 24, 2021Industrial, Kansas, Market Reports, Midwest, Midwest Market Reports, Office, Retail

Toledo, Ohio Market Shows Stability in Various Areas

By Harlan Reichle, Reichle Klein Group As the Toledo, Ohio, area’s retail market proved to be stable and solid in the second half of 2020 and the industrial market continued a remarkable stretch of high performance since the Great Recession, 2020 was a tough year for the office market. However, all three property types have yet to register any negative COVID impact in our latest survey results. Retail Toledo’s retail market proved to be quite stable and solid during the second half of …

June 17, 2021Industrial, Market Reports, Midwest, Midwest Market Reports, Office, Ohio, Retail

South Central Wisconsin’s Economic Engine Continues to Set the Pace

By William Mears, Coldwell Banker Commercial McGuire Mears & Associates What a difference a decade makes. While some may characterize the evolution of the development and investment climate of the Janesville-Beloit, Wisconsin metropolitan statistical area (MSA) with a population of 160,120 as an extreme makeover, others will note the area has been South Central Wisconsin’s best kept secret. Case in point: the numbers speak for themselves, and local real estate and economic development …

June 10, 2021Industrial, Market Reports, Midwest, Midwest Market Reports, Wisconsin

New York City Industrial Market Held Strong in 2020, Has Promising 2021 Ahead

By Jakub Nowak, senior vice president investments, Marcus & Millichap Last year’s COVID-19 lockdown took a major toll on parts of New York City’s real estate market. The city’s industrial sector, however, fared relatively well compared with other asset classes. Although dollar volume for outright industrial sales transactions over $1 million fell by almost 25 percent from $1.75 billion in 2019 to $1.35 billion in 2020, the average price per square foot over the same period held flat …

June 8, 2021Industrial, Market Reports, New York, Northeast, Northeast Market Reports

Buyers Crowd Texas Industrial Markets

By Taylor Williams E-commerce has revealed some fundamental truths about how humans consume goods, mainly that price point and convenience are by far the most important criteria in purchase decisions. The COVID-19 pandemic has served to further ingrain these mentalities and to suck more people into the world of online shopping in the name of adhering to public health guidelines. According to the U.S. Census Bureau, in 2020, a year in which a global health crisis spurred furious increases in …

May 26, 2021Industrial, Market Reports, Texas, Texas Market Reports

Solid Fundamentals Uphold Lincoln Real Estate Market

By Tom Graf, NAI FMA Realty Over the past decade, Lincoln has experienced sustained growth and earned a reputation as a place to be in the Midwest. Its low unemployment, stable economy, low cost of living, prospering tech scene as well as lifestyle and entertainment fitting of a big city with the feel of a small community has insulated Lincoln better than many cities of its size. Perhaps this is most compelling with the number of cranes spotted in the skies back in 2008 and again in 2020. …

May 20, 2021Industrial, Market Reports, Midwest, Midwest Market Reports, Nebraska, Office, Retail

Flower Power: Commercial Architecture & Cannabis Facilities

By Jennifer Luoni, director of operations and architecture, and Lauren Nowicki, chief communications officer, Dacon Corp.From cultivation to curing, manufacturing cannabis is an exacting art that requires a careful, calibrated approach from selection, atmospheric, extraction and curing perspectives.The rapid rise in proposed health benefits from cannabis products has sparked interest in both pharmacological properties and extraction of phytocannabinoids. Former, free-flowing growing …

May 20, 2021Features, Industrial

Large-Scale Industrial Development Ramps Up Throughout El Paso

By Doug Derrick, SIOR, managing broker, NAI El Paso The remarkable pace and volume of industrial growth that has defined the major markets of Texas over the past decade is making its way to El Paso, as evidenced by larger projects for marquee tenants and elevated levels of institutional capital targeting the market. The COVID-19 pandemic has boosted the appeal of industrial assets of all varieties, crowding the space with capital sources, driving up prices and creating lower yields on new …

May 19, 2021Industrial, Market Reports, Texas, Texas Market Reports