TAG Industrial Watch: July 25, 2020

“Contrary to other asset classes, industrial rents are stable or increasing and new leases are being signed to meet the digital demand surge. According to CNBC, one billion square feet of additional industrial space will be needed by 2025 to meet this demand, linked to surging e-commerce. This is supported by Prologis’s estimate that says for each $1 billion in e-commerce sales, those companies require 1.2 million square feet of distribution space. In addition, eMarketer predicts that by the end of 2024, online sales will surpass $1 trillion for the first time ever, making the internet and industrial abuzz.”  -Adam Abushagur



I N D U S T R I A L   N E W S

What Is Standing In The Way Of A CRE Recovery?
GlobeSt – July 20, 2020
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Why Green Leases Will Bloom After The Pandemic
Commercial Property Executive – July 16, 2020
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Multi-Temperature Cold Storage Facilities: A New Asset Class On The Horizon
GlobeSt – July 21, 2020
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T E X A S   N E W S

DFW Data Centers See Lowest Vacancy Rate In 2 Years
As Pandemic Increases Corporate Data Needs

Bisnow – July 22, 2020
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These Local CRE Firms Were Approved For Millions In PPP Loans
Dallas Business Journal – July 21, 2020
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After Vaccine, How Long Until DFW Airport Fully Recovers? Airport Officials Have A Guess
Dallas Business Journal – July 22, 2020
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M I D W E S T   N E W S

Industrial Developers Set New Records As Distributors Look Past The Pandemic
Bisnow – July 16, 2020
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Chewy Seeks Incentives To Create 1,600-Job Distribution Center In Belton
Kansas City Business Journal – July 21, 2020
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