TAG Industrial Watch: August 29, 2020

“In just the second quarter of 2020, 30 million square feet of industrial real estate was absorbed in the United States, with 2,000 new leases signed for 10,000+ square feet facilities. The strong performance in the first half of the year is a reflection of the obvious ecommerce demand, but also for domestic manufacturing facilities. Thanks to the pandemic’s supply chain interference at the beginning of Q2, companies in mass worked to realign and make reshoring plans, a win for industrial real estate. So, while exports and imports were strong through June, domestic manufacturing is a trend we won’t be seeing the last of.”

-Adam Abushagur


I N D U S T R I A L   N E W S

Real Estate Market Crash Unlikely, Experts Say
Commercial Property Executive – August 26, 2020
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Pandemic Accelerates Demand Trends For Industrial Property
GlobeSt – August 24, 2020
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Ed Yardeni Says Economies Are Recovering ‘Pretty Well’ From ‘Lockdown Recession’
CNBC – August 24, 2020
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Data Center Demand Holds Up Amid Pandemic
National Real Estate Investor – August 24, 2020
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Industrial Prices Expected To Increase Due To Pandemic
GlobeSt – August 20, 2020
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T E X A S   N E W S

Experts Talk DFW Investment Market As $9.3B In Deals Close During First Half Of 2020
Dallas Business Journal – August 27, 2020
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Oil Rig Count Posts First Double-Digit Gain Since January
Connect Texas – August 25, 2020
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Houston Renters Stay Put Amid Pandemic Uncertainty
Bisnow – August 19, 2020
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Toyota Partners With Collin College In Allen To Bolster Talent Pipeline
Dallas Business Journal – August 26, 2020
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M I D W E S T   N E W S 

Chicago Real Estate Experts Say We’re In Early Chapters Of Broader Recovery Story
Bisnow – August 26, 2020
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Developer Opus Group Details Projects For ‘Last Developable Site’ In Earth City
St. Louis Business Journal – August 24, 2020
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