Sagard Real Estate’s Post

The often-overlooked multi-tenant light industrial subsector has strong fundamentals and will remain solid in a supply-constrained environment, according to this article. 👍 Check it out, and visit www.titlelaw.com when you're ready to close your next commercial real estate deal. #commercialrealestate #titleinsurance #GArealestate #escrowservices

In line with national trends, self storage rates went down across the entire Chicago metro area in 2023.   The drop came after a period of robust construction, with suburbs registering the bulk of the development in Chicagoland.   Find out how cities in the metro area fared in terms of self storage rates in the report below: https://bit.ly/49aNSmS

Warehouse and distribution continue to push demands for space with easy accessibility to major highways such as Interstate- 4 and the Beachline (SR 528).  Here at Realty Capital, we have recently started a small bay industrial project in Osceola County and pre-leasing calls have already started to come in.  Whether it’s e-commerce, manufacturing or small local contractors looking for space, the message is loud and clear. "When will it be complete and how much space is available." In a recent article on our website, I go deeper into the main reason why Central Florida continues to see growth in this sector.  Here’s the link ⬇ https://lnkd.in/eCxifAZ8   #CRE #Industrial #OrlandoRealEstate #RealEstate

Just Listed: South Bay Low Price Point Drive-Thru | Carson, CA PURCHASE PRICE: $1,950,000 CURRENT NOI: $78,273 CAP RATE: 4.00% OCCUPANCY: 100% BUILDING SIZE: ±2,214 Sq. Ft. LAND AREA: ±0.39 Acres NO. OF BUILDINGS: 2 DOWNLOAD OM: https://lnkd.in/gvvrNqQN INVESTMENT HIGHLIGHTS Highly-Coveted Drive-Thru Permit in Place Below Market Rents and Long-Term Upside Significant Intrinsic Value Depreciable Asset and Tax Benefits Dense Southern California Demographics Excellent Access and Signage Excellent Day Time Traffic in the Surrounding Carson Market New National Tenant Development Across the Street Recent Capital Improvements and Upgrades

Louisville Metro area Industrial Trends - Relative to March, Industrial property sales remained flat while leases were down nearly 50%. The number of industrial properties listed for sale increased by around 5% while the number of properties listed for lease decreased by more than 10%. However both listings for sale and lease are higher than one year ago. Overall, the industrial sector continues to do well, but there is no doubt that it has also cooled significantly from a year ago. #CommercialRealEstate #RealEstate #CommercialRealEstateTrends #IndustrialTrends #LouisvilleKY #CommercialBroker #OtimoProperties

Existing industrial property owners in Northern New Jersey were hit in 2023 with a double whammy of shrinking leases and record new supply. Tenants are downsizing, with the average new lease size down 24% from 2022, but there is not enough small bay space available that fits their needs. Developers, meanwhile, are working through the last of their pandemic-induced pipeline, yet much of the stock is in larger facilities. The size mismatch between what’s desired and what’s available is one of the key themes hanging over the metro in 2024. #northjersey #industrial #leasing #availability #costar

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

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!

Just Listed: South Bay Low Price Point Drive-Thru | Carson, CA PURCHASE PRICE: $1,950,000 CURRENT NOI: $78,273 CAP RATE: 4.00% OCCUPANCY: 100% BUILDING SIZE: ±2,214 Sq. Ft. LAND AREA: ±0.39 Acres NO. OF BUILDINGS: 2 DOWNLOAD OM: https://lnkd.in/gvvrNqQN INVESTMENT HIGHLIGHTS Highly-Coveted Drive-Thru Permit in Place Below Market Rents and Long-Term Upside Significant Intrinsic Value Depreciable Asset and Tax Benefits Dense Southern California Demographics Excellent Access and Signage Excellent Day Time Traffic in the Surrounding Carson Market New National Tenant Development Across the Street Recent Capital Improvements and Upgrades

Small bay industrial is on 🔥🔥🔥. But many operators and investors still don't know much about it. In the latest article of Emerge Real Estate News, Lucern Capital Partner's Frank Forte breaks down why small bay may be the best kept secret in CRE. He explains what prompted Lucern Capital Partners to make a hard pivot into the space, like: Inflation Protection Small bay properties with shorter lease terms and higher tenant demand offer investors protection against inflation. Tenant Diversification Small bay properties attract a diverse tenant base, including small business owners, manufacturing companies, and distribution firms. Supply Constraints Urban zoning restrictions, limited available land, and high construction costs are impeding the development of new small bay facilities. Differentiated Lease Terms Lower weighted average lease terms allow property owners to frequently adjust rental rates in response to overall market conditions, making these properties more adaptable and resilient to economic fluctuations.  Click the link below to get smart on the sector and DM me if you have a small bay deal to discuss! #industrialrealestate #smallbayindustrial #realestatecapital https://lnkd.in/gW823i7J