Partners’ Post

Did you know Alliance and South Dallas have seen more industrial space added since 2020 than most other metropolitan areas have in the last decade? This record-shattering construction cycle in DFW’s outfield might be coming to a close, as recent figures suggest developers are beginning to look inwards once again as price differences erode. Outfield activity peaked in early 2023, consisting of nearly 83% of all ongoing industrial construction at the time. Since then, the spread has been shrinking as developers move forward with plans to bring new space to key infield locations like D/FW Airport or the Eastern Lonestar Turnpike. Newly christened projects, like the Shady Grove Logistics Crossing in Grand Prairie, show an appetite for new infield industrial space returning to the market. The full article is available for CoStar subscribers at https://lnkd.in/gytYeRnw. #DFW #Industrial #CRE #Alliance #SouthDallas

The jury is still out on how investors will respond to an uptick in industrial vacancy fueled by a warehouse building boom. One big test – to the tune of $245 million - comes next week. That is when bids are due for a 1.5-million sf industrial park near Phoenix, which has the largest construction pipeline in the U.S. The complex, slated for completion in March, is just 12.2% leased. If the listing hits pricing expectations, it would set a record for the sale of an Arizona industrial property. Read more in Green Street's Real Estate Alert. To read more recent insights by REA, click here: https://lnkd.in/gD-Ve4Kh

Some important industrial markets will see a deluge of new construction completed this year, including Dallas-Fort Worth (where the availability rate is already in double-digits), Riverside, Atlanta and Houston. See the under-construction pipeline for several key markets in CBRE EA’s latest Chart of the Week. #CBRE https://bit.ly/4bPcp2t

In Q1 2024, the San Antonio industrial market experienced a significant rise in vacancy rates, reaching 8.3%, primarily due to an increase in vacant sublease space and new construction. Despite negative net absorption resulting from vacated sublease space, direct net absorption remained positive. Leasing activity decreased by 44% year-over-year, but the average monthly rental rate held steady at a record-high $0.70 per sq. ft. https://lnkd.in/dtedBpx2

Our latest analysis piece takes a look at the North Palo Alto real estate market. Where is the new construction? Do you need to buy cash-only? (spoiler: no!) Critically, did we capture it in the claimed 13 pictures? https://lnkd.in/dqCusqCv

Today, Carroll Engineering Corporation was proud to participate in the first annual Southern NJ Commercial Real Estate Forecast State of the Market. This event provided invaluable insights into the commercial real estate landscape, offering a comprehensive overview of current trends and future projections. As we continue to navigate the evolving market, the knowledge gained today will undoubtedly enhance our strategic planning and execution. #CommercialRealEstate #SouthernNewJersey #MarketInsights

A recent report by CoStar Analytics, a leader in commercial real estate information, analytics and news, reveals that while there's a construction boom for large industrial developments, smaller industrial spaces are becoming increasingly hard to find. BaySpace fills the gap in the market by providing smaller industrial spaces that are in short supply. Read more: bit.ly/49BmNJw

Q4 2023 Reno Industrial Figures High level - The overall net absorption of the Reno industrial market closed Q4 at 809,000 SF, bringing the year-to-date total to 4.3M SF. - New construction has started to slow due to high cost of construction, interest rate pressure, and supply chain delays. - 4.2% Vacancy rate. Please contact the Reno Industrial Services team for information relating to the Northern Nevada market. #industrial #cbre #marketreport #realestate Garrett Shutt CBRE Eric Bennett | Daniel Buhrmann | Gregory Shutt | Jennifer May

Interesting industrial real estate stat from Globe Street regarding small bay & flex industrial spaces: Shallow bay and flex industrial spaces under 100,000sf represent 41.9% of the industrial market and have a national vacancy rate of 4%. There is abundant opportunity in this segment where investors aren't competing with institutional capital.