InterFace Conference Group’s Post

Early bird registration pricing ends on Thursday, 7/11 for our InterFace Houston Industrial Conference. Join us on August 1st at the Houston Racquet Club for this amazing networking event. Panelists will share insights into the latest trends in industrial development and investment in Houston, as well as discuss how evolving logistics patterns and technological advances are reshaping the industrial sector. Key Topics: -Impact of current economic factors on industrial real estate in the region -Growth potential in Texas industrial submarkets -Current and upcoming development projects -Market demand and space requirements from companies -Valuations and the supply of investment assets -Capital availability and lending landscape -Trends in last-mile logistics -Innovations in design, construction, and automation -Tenant and owner-occupier expectations Register Here: https://lnkd.in/eWGBKfjq #InterFaceHoustonIndustrial #Industrial #Houston #Houstonrealestate #Commericalrealestate #cre #networking #conference

West Phoenix submarket tops nation for growth of industrial space The west Phoenix area has become the leading submarket in the United States for industrial development, AZ Big Media reports. Figures from Commercial Search show that west Phoenix has the largest active industrial pipeline with 7.8 million square feet of space under construction. West Phoenix added 49 million square feet of industrial space between 2014 and 2023 — a 53% increase. About two-thirds (63%) of west Phoenix’s total stock is made of Class A industrial space, giving it the third largest inventory of Class A among the top 100 submarkets   Read more: https://lnkd.in/d9FpV9i5   #ThomasTitleandEscrow #CommercialRealEstate #TitleTrove #Industrial #Phoenix

"Changes in Ownership of MD Industrial Storage Space" Read the full article below..

Phoenix is No. 1 in nation for largest active industrial pipeline West Phoenix boasts the largest active industrial pipeline among the top 100 largest U.S. submarkets, with over 7.8 million square feet of space under construction representing 5.6% of its existing inventory. West Phoenix added 49 million square feet of industrial space between 2014 and 2023 — a 53% increase — which was the 2nd-highest addition among the top 100. The submarket placed 4th among top 100 for its total industrial space of 141 million square feet. 63.3% of West Phoenix’s total stock is made of Class A industrial space – or 89.3 million square feet, which is the 3rd-largest inventory of Class A among the top 100.

📊 New Report Alert! 📊 Excited to share our latest research report, State of the Columbus Industrial Market. 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀: • Annual leasing activity decreased by 3.5% year-over-year to 8.9 million sq. ft., with renewals making up 46% of this activity. • Renewal activity saw an 18.2% increase, reaching 4.1 million sq. ft. • Net absorption was 3.1 million sq. ft., higher than the previous quarter but 21.4% lower than H1 2023. • Construction completions dropped by 56.9% year-over-year to 4.4 million sq. ft. 𝗦𝘂𝗽𝗽𝗹𝘆 𝗮𝗻𝗱 𝗗𝗲𝗺𝗮𝗻𝗱 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀: • 𝗩𝗮𝗰𝗮𝗻𝗰𝘆 𝗥𝗮𝘁𝗲𝘀: Overall vacancy rates increased across all size ranges, with a significant rise in vacant new construction. • 𝗖𝗼𝗻𝘀𝘁𝗿𝘂𝗰𝘁𝗶𝗼𝗻 𝗔𝗰𝘁𝗶𝘃𝗶𝘁𝘆: Construction starts continue to decline, with only 1.7 million sq. ft. breaking ground in H1 2024, 31% of which were built-to-suit projects. • 𝗔𝗯𝘀𝗼𝗿𝗽𝘁𝗶𝗼𝗻 𝘃𝘀. 𝗖𝗼𝗺𝗽𝗹𝗲𝘁𝗶𝗼𝗻𝘀: Since Q2 2022, construction completions have exceeded absorption, contributing to a higher vacancy rate. However, vacancy is expected to decrease as new supply is leased and speculative deliveries decrease. Dive into the full report to explore the trends and insights shaping the Columbus industrial market. 📈 https://lnkd.in/gN7nVbzJ #CommercialRealEstate #IndustrialMarket #Columbus #RealEstateResearch #MarketTrends #CBRE

A rising tide lifts all boats. Driving around Houston and Dallas, it doesn't take long to see that the investment in roads is driving opportunity and priming the local economies for more growth. It's a simple message but one that we seem to miss often (in states other than TX, CA, OH, IL, and MI) - capital investment is how you grow over time. As I was driving along the industrial sectors of Houston yesterday, I did a back of the envelope calculation that I must have passed businesses that support 8,000 forklifts, maintain 20,000 bay doors, and maintain hundred of acres of roofing. Forget the core business being conducted in the spaces that I passed, the secondary and tertiary impacts of growth and need are staggering. Think of the supports that need to support the core functions of those operations. Growth begets growth - it's compounding but for opportunity. I am leaving later to go back to my more constrained PNW economic vision but appreciate more that old adage - the best time to plant a tree is 20 years ago, the 2nd best time is today. I believe we need to plant more. #strategicplanning #economicdevelopment #opportunity

If I were to ask you which industrial market in #Florida has been the strongest performer in the last year when it comes to space demand, what would you say? #Miami or #Orlando? If you guessed one of these, you would be wrong. The answer is #Jacksonville. It has recorded more #absorption in the last 12 months than both of those markets combined. The weakening in demand in Central Florida is being mirrored across many Sun Belt markets, even though the region is still largely outperforming the nation on average. What is causing it, and what can be done? CoStar subscribers can read my latest story for more insights on #industrialdevelopment, #demand, and #spaceavailability.

Curious as to how Conductiv has helped our Members save money and create strong partnerships? Check out some of the sessions below at #Breakthroughs24!

You can tell when it's getting to the end of the quarter in the electrical industry. Not only are salespeople with publicly held manufacturers pushing to close deals (need to make the quarter), but the acquisition market heats up! Last week Graybar announced they acquired Blazer Electric Supply Company 2.0 Today, CED announced that it acquired Parrish-Hare / Power-House Electrical Supply sharing ... "CED has acquired certain assets of Parrish-Hare Electrical Supply located in Irving, Texas. Parrish-Hare's four locations (Irving, Haltom City, Midlothian, and Ennis), which operate under the names Parrish-Hare and Power-House, will operate as a separate subsidiary of CED under the continued leadership of Parrish-Hare founder Pat Hare and his team." And, in the rep / lighting agent world, Synergy Electrical Sales merged with Electric Lighting Agencies, Inc. (ELA). By my count, 15 distributor, rep and lighting agent deals so far this year (see tomorrow's www.electricaltrends.com for details.) Congrats to all ... and who's next (and yes, we've heard of others coming, possibly by the end of the quarter.) Industry consolidation continues to roil the market and is could lead to changing channel dynamics. #Parrishhare #CED #graybar #blazerelectric #synergyelectrical #electricalacquisitions

The Conductiv team is excited to be attending #Breakthroughs24 next week in National Harbor, MD! There will be several opportunities to hear from our Members about their successes and learn more about our solutions - see the full list here: July 23: In Chesapeake 4 • Sourcing Built Better: Constructing Effective Sourcing with Conductiv® in the Construction and Facilities Landscape (2-2:30 p.m.) July 24: All in National Harbor 3 • Speed To Value-Realizing Contracting Wins With a High Degree of Focus (9–10:00 a.m.) • The Strategic Sourcing Connection-Purchase Services & Beyond (10:15-11:15 a.m.) • Navigating the M&A Process: Strategies for Successful Contract Migration (2:45-3:45 p.m.) July 25: All in National Harbor 3 • Success in Purchased Services - PS. I Mis U (9-10:00 a.m.) • Learn How Collaboration Can Drive Speed To Value in Purchased Services(10:15-11:15 a.m.) • Unlocking Savings: Your Roadmap to a Purchased Services Program (2:45-3:45 p.m.) Click here to access the full Breakthroughs agenda: https://lnkd.in/eDVHt4Kn