TAG Industrial Watch: October 17, 2020

“In September alone, industrial price per square foot increased 17.9 percent month-over-month. Not since February of this year has the asset class seen this increase above 7 percent, causing industrial cap rates to compress to an average of 6.3 percent last month (CreXi). In addition, industrial rental rates in Q3 increased slightly, even with market rate growth slowing a bit overall. Controlled industrial development has also helped with any worry that new construction was outpacing supply, even before the onset of coronavirus, with over half being spec product.”

 -Adam Abushagur

I N D U S T R I A L   N E W S

Supply Chain Demand Is Here To Stay
GlobeSt – October 14, 2020
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Industrial Real Estate Will Need More AI And Robotics: NAIOP
Commercial Property Executive – October 15, 2020
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How Lease Restructuring Can Help With Dispositions And Financing
GlobeSt – October 15, 2020
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T E X A S   N E W S

Local Companies Swap 1M-SF Industrial Park In North Fort Worth
Dallas Business Journal – October 13, 2020
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Texas Top-Ranked Again For Business Climate In DCI Survey
Connect Texas – October 14, 2020
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Weather Is Becoming An Albatross That Could Reshape CRE Investment In Texas, Across U.S.
Bisnow – October 12, 2020
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D-FW Ranks As One Of The Top U.S. Property Markets For 2021
The Dallas Morning News – October 14, 2020
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M I D W E S T   N E W S 

Ford: Chicago Assembly Plant Drives $2.9B Of Economic Impact
Connect Chicago – October 14, 2020
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Kansas City Area Sees 10M-Square-Foot Uptick In Industrial Development
Kansas City Business Journal – October 9, 2020
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