TAG Industrial Market Watch: March 2, 2019

TAG Industrial Market Watch: March 2, 2019

“More industrial REITs are predicted to invest in the cold storage sector or temperature-controlled warehouses. The popularity of e-commerce has worked out most of the kinks in storage and last mile delivery. Grocers are now jumping on the bandwagon with added temperature requirements and related challenges to implement. Over $2.3 trillion in cold storage space has sold since 2016, with approximately $963 million sold last year (Costar). Asking rents are up in the sector and vacancy rates at approximately 4 percent. There is not much competition for cold storage owners and they are benefiting from the challenges of the sector, including high construction costs, grocer relationships, and industry expertise.

Cold storage is still technically in its infancy and will continue to heat up over time.”

Adam Abushagur

First Vice President Investments

Managing Director- TAG Industrial

I N D U S T R I A L   N E W S

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Globe St – February 27, 2019

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R E G I O N A L   N E W S

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Developer Hines eyes Deep Ellum retail and office project

The Dallas Morning News- Business – February 28, 2019

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Fort Worth Star-Telegram – February 28, 2019

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N A T I O N A L   N E W S

Banks Are Gearing Up for Another Strong Year in CRE Lending

National Real Estate Investor – February 27, 2019

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HUD Expands LIHTC Program To Encourage Opportunity Zone Investments

Bisnow  – February 26, 2019

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Bisnow – February 26, 2019

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