TAG Industrial Watch: September 5, 2020

“While many are focusing on the similarities of the most recent past recession and the current pandemic-related recession, the differences surrounding CRE are distinct. The Great Recession experienced a reduction in CRE sales by 58 percent, with Q2 of 2020 showing sales down about 60 percent compared to 2019. In contrast, we’re facing the sales plummet now in an extremely short period of time versus a longer period. In addition, housing and multifamily are showing resilience that was not seen during the previous recession, but with industrial leading the pack. Lastly, a broad pricing correction in CRE has not occurred, differing from the 25 percent drop in 2008. A popular recession prediction? Sharp and short with a lingering strain.”

-Adam Abushagur



I N D U S T R I A L   N E W S

Fed’s Bullard Says The Recession Is Over But Rates Will ‘Stay Low For A Long Time’
CNBC – August 28, 2020
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What Does The Stalled HEROES Act Mean For CRE Operations?
National Real Estate Investor – September 2, 2020
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Industrial Influencers
GlobeSt – September 2, 2020
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T E X A S   N E W S

Mall Anchor Industrial Conversions Are Generating Interest
But Likely To Remain A Niche Trend

Bisnow – August 28, 2020
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Texas Factory Activity Continues To Gain
Connect Texas – September 1, 2020
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Hello Fresh, The Fast-Growing Meal Kit Company, Lands At DFW Airport
With New Plant Creating 1,200 Jobs

The Dallas Morning News – August 31, 2020
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Uber Continues To ‘See Progress’ On Air Taxi Push That Includes North Texas
Dallas Business Journal -September 2, 2020
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M I D W E S T   N E W S 

Illinois May Be Poised To Set A Standard For Diversity In The Cannabis Industry
Bisnow – August 27, 2020
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The Experts Agree: Data Centers And E-Commerce Are Seeing
Staggering Activity During The Pandemic

ReJournal – August 31, 2020
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