TAG Industrial Watch: April 24, 2020

“So far in 2021, all signs point to industrial real estate strengthening as the overall commercial real estate market recovers. Since spiking a year ago, delinquency rates on Commercial Mortgage-Backed Securities have declined for three straight quarters. Estimates vary, however industrial rental rates hit an all-time high of nearly $7 per square foot. Absorption rates followed suit with a first quarter record of 82 million square feet of industrial space leased (Globe St.). While growing fears over inflation are real as construction costs rise rapidly, a strong case can be made that higher inflation will drive more demand to the industrial market in the near term. Investors seeking higher yields can find solace in industrial real estate where yields are traditionally higher than other commercial property types.” -Adam Abushagur

 

I N D U S T R I A L   N E W S

Industrial Rents Hit Record High In Q1
Globe St.- April 15, 2021
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All Signs Point Towards Industrial Continuing
To Boom Despite Rising Construction Costs

Bisnow – April 14, 2021
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CMBS Delinquencies Drop For Ninth Consecutive Month
Connect National – April 12, 2021
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Legal Marijuana Adding To Warehouse Investment Sales
Globe St. – April 20, 2021
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The Data Center Construction Pipeline Keeps Growing
Wealth Management – April 19, 2021
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R E G I O N A L   N E W S

Etkin Johnson Sells Technology Park For $393M
Commercial Property Executive – April 22, 2021
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DFW Grabs Third-Highest Data Center Leasing Activity
Connect National – April 19, 2021
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Industrial Realty Buys 1.5 MSF Chicago-Area Site
Commercial Property Executive – April 19, 2021
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Scannell Properties Launches $100M Kansas City Industrial Project
Commercial Property Executive – April 19, 2021
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West Gulf Bank Distribution Facility Gets Underway In NW Houston
Connect Texas – April 12, 2021
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