Industrial Watch: May 23, 2020
“Urban Land Institute’s (ULI) semi-annual Real Estate Economic Forecast results showed that industrial would be the only property type to return to pre-pandemic vacancy levels come 2022. The forecast also predicted that 2020 would end with unemployment at 11% and GDP of negative 6%. However, GDP would show annual gains of 3.9% in 2021 and 3.6% in 2022 with low inflation and a low 10-year treasury expected. According to the ULI economic outlook, industrial rents will be stable until the end of 2020, while growing 2.5% in 2021 and 4% in 2022. At least for some, predictions are very optimistic-industrial will be on the up and up after the pandemic.” -Adam Abushagur
I N D U S T R I A L N E W S
The Pandemic Exposes The Flaws In Warehouse Automation
GlobeSt – May 19, 2020
Many Companies Are Still Looking For Office Space
Bisnow. – May 17, 2020
Waiting For Distressed Deals To Come To Market
GlobeSt. – May 21, 2020
T E X A S N E W S
Archway Properties Revamps Service Center For Last-Mile Use
Connect Texas – May 21, 2020
Manufacturing Firm Best Known For Its Glass Jars Takes 678K-SF Facility In North Texas
Dallas Business Journal – May 21, 2020
Equipped With SBA’s PPP Loan Forgiveness Application, Bankers Weigh In On What’s Next For Borrowers
Dallas Business Journal – May 21, 2020
M I D W E S T N E W S
$256M MXU In Lansing Gets The Green Light
Connect Chicago – May 20, 2020
The Pandemic Will Permanently Change The Auto Industry
Kansas City Business Journal – May 14, 2020