Hanover, VA Commercial Properties’ Post

💼 Smaller industrial properties have high occupancy rates and rising rents. 🏗️ Large-scale development of luxury apartments and big-box distribution centers leads to increased vacancy rates. 🌆 Challenges in securing land near major cities hinder small-bay industrial facilities development. 📈 Availability rates and leasing times determine scarcity of small industrial spaces across US markets. 🏢 Nashville, Virginia, #SouthFlorida, and Southern California face acute shortages. ⚡ Louisville, Kentucky, is tight due to its location in the electric vehicle manufacturing region. 🏙️ #Miami, along with Midwestern cities like Chicago, Detroit, and Minneapolis, has middle-ranking scarcity. 🛠️ Geographic and infrastructure advantages support leasing in Midwest cities by small manufacturing and distribution tenants. 🇨🇱 Texas markets show significant growth in industrial property stock due to growth-friendly policies. 📉 Some markets with higher availability rates still have limited inventories of small industrial spaces. RISE Realty Michael Corkery, CFA Kevin Krueger Mason Scott

New Development - HWY 101, No. California This is a rare opportunity to take advantage of new, quality inventory available to the market - Fortuna Mill Commerce Center can be your gateway to barrier of entry and a new image to your business. This is an entitled, mixed-use project on a total of 69 acres of land. The build-to-suit development may consist of the following; industrial warehouse/distribution, small format warehouse, big box/small format retail, healthcare, ground lease and hotel component. The greater Eureka/Fortuna market has experienced a short supply of quality industrial and retail product, until now.   The conceptual site plan provides for a variety of build-to-suit opportunities to construct your desired footprint and deliver on your business operational needs. The uses are multiple, and flexible so that we can meet the demands of the market.   The Fortuna Mill Commerce Center is located along Hwy 101, in between on/off ramps – Kenmar Rd. to the south & 12th St. to the north. https://lnkd.in/gvUdMy_T #retail #industrial #medical #GSA

Contact Matt Pourcho, Matt Harris or me this week to learn more about our 8250-8260 Camino Santa Fe, San Diego, CA listing. This is a very unique Multi-Tenant Industrial site. Investment Highlights Include: * 96% leased to 8 tenants across a variety of industries with staggered rollover. Mark-to-market upside opportunity with in-place rents 13% below market, producing an attractive 6.7% Year 3 Cap Rate and 7.2% Year 4 Cap Rate.  Ownership has recently signed two new deals at market rents, proving out the ability to increase rates.   * Exceptionally well-maintained industrial project with recent capital improvements including new exterior paint, suite and directional signage, monument signage, parking lot resurfacing, and new landscaping throughout.   * Adjacent to Torrey Pines and Sorrento Mesa, home to San Diego’s highest concentration of Fortune 500 and life science companies including Google, Apple, Amazon, Sony, Qualcomm, Pfizer, J&J, FedEx, and UPS, amongst many others.   * Miramar’s industrial vacancy rate has not exceeded 5% in over 10 years. Miramar’s current vacancy is 3.5%, while its 5-year average is 2.4%. Miramar asking rents continue to climb, posting year over year increases of 4%, as of Q1 2024.   * Excellent Ingress/Egress: Immediately adjacent to Miramar Road Blvd with direct access to the 805 and I-15 Freeway providing access to all of Southern California. #CBRE #CRE #SanDiego #Industrial  

In New Jersey, the demand gap between small and large buildings is widening. Older small-bay properties (under 50,000 SF) are in high demand with just 3.9% availability. While newer big box spaces (250,000+ SF) struggle with oversupply with 13.6% availability. Limited land in North Jersey has shifted most new big box construction to Central and South Jersey. Three counties—Middlesex, Burlington, and Salem—hold 68% of the available big box space. Since 2023, NJ has added 38M SF of warehouse space, with 17.3M more under construction. This sets the stage for a highly competitive leasing environment in the coming years. For big box tenants, the market is growing more favorable. #nmrk #newmarkgreaterphilly

Happy Friday!!😀 GOT THE "FRONT ROW"?🧐 Author | C. Knighten Source | Al.com If you have traveled downtown in the last few months you would have noticed the fencing around a corner lot between Clinton Ave and Monroe Street, next door to the Von Braun Civic Center. Awarded over 2 1/2 years ago, this the mixed-use project was just kicked off in May. At this point in time, the different stages of development have been pushed out, as Phase II will not start until November of 2029 and take up to 3 years to complete. Phase I had a start date of May 1, 2024, and is now under progress. But with a 4-year plan for completion, we can expect to see construction over the next 7 plus years. On the positive side, this mixed-use development will bring a minimum of 500 apartment units, 36,000 square feet of restaurant/retail use and at least 35,000 feet of office space. With the completion of Phase I, there will be two buildings facing Clinton Ave which will deliver both apartment and retail spaces to liven up our downtown. As promised, the schematics of this development, with additional parking and green space, will indeed be 'transformational'! #deancommercialrealestate #commercialrealestate #propertymanagement #investors #retail #medicaloffices #leases #propertyinvestors #warehouses #huntsville #madison #athens

The tides have changed in the San Diego industrial markets for warehouse landlords and tenants. From Oceanside to Otay Mesa, tenants are now benefitting from the slowed demand for industrial space and a spike in supply in all submarkets. While landlords and their promoting listing brokers have kept asking rents at 2022 levels, tenants’ options are greater than ever, creating leverage you can use. Read our industrial market report for the backstory, or get in touch with me to learn more about your opportunities as a tenant! #SanDiego #IndustrialRealEstate #MarketTrends

Industrial properties are far from a one-size-fits-all deal! Each offers unique features tailored to different business needs. Whether it's a warehouse for logistics, a manufacturing plant with heavy machinery, or a mixed-use space blending storage and office areas, choosing the right one is crucial. Consider zoning laws, access to transportation, and scalability for future growth. Don't overlook the specifics like ceiling heights, loading docks, and power supplies. In the bustling markets of Fresno and beyond, finding the perfect match means understanding these nuances. Let's navigate this industrial maze together—because your business deserves a space as dynamic as its vision. Dive deeper with us at Burchell Home Team, where we turn complex real estate decisions into simple, strategic choices! - - #realestatetips #realestate #realtor #socialrealtor #residential #commercial #california #landrealestate #industrialrealestate #industrial #land #homeimprovement #homeowner #book #fresno #clovis #madera #realtorlife #realestatelife #centralvalley

NOW UNDER CONSTRUCTION! Estimated Completion Date is June 2024. Located on Cypress Creek Rd and is accessible to 183A & S Bell Blvd. This is a PRELEASE PROJECT in a SHELL Space Condition. (Negotiable) Message me to discuss WHITE BOX OPTIONS. Here's a few info to note: 📍The Lease Price for the Retail ranges from $28.00 - $30.00 SF/YR + NNN. 📍The Lease Price for the Office ranges from $20.00 - $21.00 SF/YR + NNN. 📍The building consists of 5 Office Units and 4 Retail 📍Units with a size range from 838-1,125 SF. 📍Units can be COMBINED if you want a bigger space. 📍$12.00 PSF as Estimated NNN is subject to change Zoning is GB. Please verify the use with the city. #newconstruction #officespace #retailspace #commercialrealestate #cedarparktx

Industrial properties are far from a one-size-fits-all deal! Each offers unique features tailored to different business needs. Whether it's a warehouse for logistics, a manufacturing plant with heavy machinery, or a mixed-use space blending storage and office areas, choosing the right one is crucial. Consider zoning laws, access to transportation, and scalability for future growth. Don't overlook the specifics like ceiling heights, loading docks, and power supplies. In the bustling markets of Fresno and beyond, finding the perfect match means understanding these nuances. Let's navigate this industrial maze together—because your business deserves a space as dynamic as its vision. Dive deeper with us at Burchell Home Team, where we turn complex real estate decisions into simple, strategic choices! - - #realestatetips #realestate #realtor #socialrealtor #residential #commercial #california #landrealestate #industrialrealestate #industrial #land #homeimprovement #homeowner #book #fresno #clovis #madera #realtorlife #realestatelife #centralvalley

The South Carolina market is an ideal place for industrial tenants for several reasons. Transportation, accessibility and location all serve to create strong fundamentals for the industrial market. At the center of South Carolina, three major interstates, I-26, I-77 and I-20, with I-95 approximately 60 miles away, make it an ideal place for industrial tenants to quickly reach surrounding Southeastern states as well as 66% of the country's population within a day's drive. Another major benefit of the South Carolina market is the accessibility of major ports; the Port of Charleston and the Port of Savannah is an easy drive from most of the state. CSX and Norfolk Southern have rail lines throughout South Carolina and the Eastern United States, and several of Weston's properties are rail-served by one of the two companies. 3464 Mike Padgett Highway in Augusta, GA, has 534,390 square feet for lease that includes 34,432 square feet of office space. Call us today for more information or to schedule a tour. #colliers #industrialrealestate #commercialrealestate #manufacturing #warehouse #distribution #southcarolina #westoncre