Jeff Whelan’s Post

The latest issue of IMPACT is here! Since the 1970s, Impact has been the essential newsletter for Westchester real estate professionals, offering comprehensive coverage of the building, real estate, and construction sectors in Westchester County. Read/download the PDF here: https://lnkd.in/ekpXU4zs

Buildings over 100,000 SF constructed in the past four years are capturing the lion's share of #industrial demand in the #TampaBay. Pre-2020 built properties of that size have recorded -1.3 million SF of absorption year to date. Compared to +3.4 million SF for 2020-YTD year-built. Build-to-suits have been fueling Tampa Bay's record levels of absorption over the past few years, and that trend will continue through at least mid-2025. The spec pipeline is not seeing a ton of pre-leasing, with 80%+ still available for lease. While these buildings will put upward pressure on our vacancy rate, given recent trends, tenants are more likely to land there than in older spaces. (Shamelessly stole the chart for this story after reading Madelyn Shields Bearn's excellent analysis of Atlanta's industrial market) CoStar Group subscribers can click the link below to dig in more!

See why "It Sure is Good to be in Texas" in the latest issue of Texas Real Estate Business! Proximity to Mexico’s manufacturing base and sustained interest from lenders help industrial developers and tenants overcome barriers to growth that are beyond their control. By Taylor Williams; insights from – Conrad Madsen, SIOR 🌵, Paladin Partners Commercial Real Estate Services; Charlie Meyer, Lovett Industrial; Cliff Booth, Westmount Realty Capital, LLC; Bill Baumgardner, VanTrust Real Estate. Embracing Safety Culture in Industrial Design Beyond the obvious benefits, implementing safety-oriented protocols also helps create efficiencies. By John Haba, Gensler Inside the Issue: The Secret to Industrial Supply Growth in Central Texas  Specifically with regard to Central Texas, where population growth has occurred with remarkable speed, the presence of key utilities and services can make or break a project. By Taylor Williams; insights from – Josh Schneuker, City of Seguin; Tom Long, Temple Economic Development Corporation; Cameron Goodman, CEcD, City of Georgetown; Scott Smith, City of Cedar Park. How Modern Residences Can Effectively Combat Climate Change From the initial purchase of a property through the life of owning it, these are some simple steps that single-family owners and renters can take. By Richard Ross, Quinn Residences Read the issue: https://lnkd.in/eHG6XVsV #CRE #Texas #TexasCRE #Industrial

Good commentary by Adam Haefner who sees more subleasing in Chicago's industrial spots, thanks to shifts in supply chains and what folks want post-COVID. Expecting a steady flow as businesses adjust, highlighting 3PL users' knack for flexing with "as-is" spaces and a strong market ahead. #AYIndustrial REjournals

Here's a look back at Triad business stories to watch.

Construction activity in Modesto has remained relatively stagnant over the past decade, with most projects focused on smaller buildings under 20,000 SF. Currently, a new courthouse project, totaling 360,000 SF, is underway, constituting just 3.9% of the market inventory. However, this project won't contribute to new availability in the market. Sales activity has also been modest, aligning with historical norms, with $29.4 million in total sales across 34 transactions. Despite this, recent sales have been notably smaller, with only two deals exceeding $2.5 million in total consideration. #realestate #realtor #commercialrealestate #commercialleasing

Interesting news from 84 Lumber as they expand the company's services from the single-family sector to the multifamily sector. With multifamily construction on the rise, 84 Lumber is stepping up to support larger projects like apartment complexes, townhomes, condos, and hotels across the U.S. Their growth includes the establishment of 15 multifamily hubs in key markets and a focus on specialized materials and engineered products. 84 Lumber also continues to invest in component plants, growing from 4 in 2014 to 21 by the end of this year, all to better serve their customers' evolving needs. #MultifamilyConstruction #BuildingMaterials #84Lumber #ConstructionInnovation #RealEstateDevelopment

Here's an update about Industrial Real Estate in Southern California

From this week's #marketmonday! Earlier this summer CultureMap Dallas named Dallas as the #2 spot for new construction homes sold in the country! So of course, let's chat about the benefits of purchasing a new construction home! #dfwrealestate #dfwrealtor #compassdfw #realtortips

Charleston-area industrial real estate market, once seemingly unstoppable, hits the brakes. The three-county Charleston region's industrial real estate market, once red hot, has cooled with average rents on the decline and supply outstripping demand.