Foundry Commercial’s Post

A strong fourth quarter in 2023 saw records broken for average sales and lease rates and new industrial space under construction in Windsor. https://ow.ly/rvQC50QvTLA #commercialrealestate #industrialrealestate #windsorlawfirm

Industrial real estate version of “if you build it they will come.” CoStar recognized the 150,000 SF speculative development in Albuquerque, NM for an Impact Award. Completed in Q4 2023, the development is 77% leased. In talking to brokers across the country in Tier II or Tier III markets, I often hear a complaints of the lack of space to accommodate larger RFPs with a need more immediate than a build-to-suit can deliver. Sometimes these needs forced to larger markets or to take space across multiple buildings. As some larger markets are now experiencing softness in Class A industrial, I am curious if more developers will take the risk to develop in Tier II or Tier III markets that did not see a lot of new construction and remain supply constrained. https://lnkd.in/gcjGJmU4

Minneapolis-based United Properties is set to develop Howard Lane Industrial, a significant industrial project spanning 39 acres at the northwest intersection of Howard Lane and State Highway 130 in Northeast Austin. The development will be located roughly 3.8 miles from downtown Manor, Texas. The development, located just outside Austin's extraterritorial jurisdiction, will encompass 435,000 square feet and is strategically positioned about 15 minutes from Tesla's electric vehicle manufacturing plant. Construction is slated to commence in the third quarter, with a target completion date in the second quarter of 2025. The project contributes to Austin's thriving industrial real estate sector, which already boasts over 120 million square feet of inventory. In the third quarter of 2023, industrial construction reached nearly 17.4 million square feet, signaling sustained growth in the market. As United Properties, a major player in Austin since establishing its office in 2020, expands its footprint, the city's industrial landscape continues to flourish. The company, engaged in multifamily, industrial, and mixed-use development, ranks No. 9 on ABJ's 2023 list of commercial property development firms in the Austin area, with 862,267 square feet under development or delivered in 2022. #austinrealestate #industrialdevelopment #unitedproperties #howardlaneindustrial #commercialrealestate #austingrowth #teslaplant #austinconstruction #realestatemarket #commercialdevelopment #extraterritorialjurisdiction #propertydevelopment #austinbusiness #industrialexpansion #construction2025 #austinoffice #realestatenews #commercialspace #austininvestment #markettrends

Construction costs in Las Vegas still up. Will they return to normal? - Las Vegas Review Contact me to discuss the latest scoop in real estate! #firsttimehomebuyer #movingtolasvegas #Movetolasvegas #LasVegasrealesate #Lasvegasrealtor #nevadarealtor #realestateagent

Save Time with Off-Site Manufacturing In an era where innovation and efficiency reign supreme, the construction industry is no exception. The traditional model of on-site construction is gradually giving way to a more dynamic and forward-thinking approach – off-site manufacturing. Off-site manufacturing, particularly “modular” manufacturing, is changing the game in home construction which delivers faster, cost-effective, and high-quality homes. The demand for housing has never been greater, and with urbanization on the rise, construction projects must adapt to meet this growing need. Traditional on-site construction often faces challenges that hinder efficiency. Delays due to weather, logistical complexities, inspections, and varying skill levels on the job site can all impact project timelines and costs. It's time for a more efficient solution, and off-site modular manufacturing is the answer. One of the standout advantages of off-site manufacturing is the speed at which projects can be completed. By constructing modular homes in a controlled factory environment, we eliminate many of the delays associated with on-site construction. Weather conditions no longer play a role, skilled craftsmen can work without interruptions, and inspections are done to a level of certification for the specific area of placement. This results in significantly shorter project timelines, allowing property developers, builders, and construction companies to meet market demands more swiftly. Schedule a factory meeting with our team today! Contact: info@BiltWiseStructures.com | www.BiltWiseStructures.com #ModularHomes #Innovation #DesignTechnology #BiltWise #Construction #Customization #EngineeredDesign Gary Fleisher Ken Semler Matthew Cooper Gerry McCaughey Matt Belcher Jim Griffin Eric Schaefer Doug Tollin Mark Wille Nolan Browne Rob Howard Gene Meredith Andrew Seelye Fernando Calderon Jefre Outlaw Larry Brodar Steve Bradley Audree Grubesic Ryan Colker George W. Lodge Joe Butler Jennifer Castenson Rory Rubin -a woman, passionate about modular construction Jeffrey Cook Tina Holtz Michael Holmes Dave Cooper 🎥 Ben Hershey Jake Legacy Bobby Neal Jackson Kevin Polkow Gabe Maser Devin Perry Arezou Sadoughi, Ph.D. Ari Carvalho Bobby Vance, AIA Dan Hobbs Victor DePhillips Darin Zaruba

Phoenix's industrial sector is experiencing a surge in construction, leading to a significant rise in vacancy rates. With a record level of development underway, the market is confronted with an increase in available space as demand struggles to keep pace. This influx of construction activity is reshaping the landscape of the city's industrial real estate market, presenting both challenges and opportunities for investors and tenants. #IndustrialProperty #CommercialRealEstate #ArizonaRealEstate #Phoenix

Modular construction still not gaining popularity...

Interesting article about the potential for growth in offsite construction!

Offsite manufacturing of housing will cure several problems. Cost to complete, Time to complete AND Build Quality. It has been challenging to insire by shaming production builders into delivering Quality Homes on any timeline and Proce point. (with full respect- quality subs is a problem and lroduct varies from development to development)

Construction costs in Las Vegas still up. Will they return to normal? - Las Vegas Review Contact me to discuss the latest scoop in real estate! #3nevada #nevadahomes #nevadahousing #nevadarealestate #nevadarentals #nevadarealtor #nevadabesthomes #nevadabestrealtor #housing #realestateagent