TAG Industrial Watch: June 12, 2021

“Computer chips, shipping containers, and single-family homes aren’t the only things in short supply these days, people are too. Labor shortages are popping up everywhere as 8 million job openings go unfulfilled, despite there being 9.3 million people unemployed (Globe St.). With no one to do the work, labor shortages put additional strain on supply chains. Employers are also forced to hike wages in order to attract or even keep workers. All of which is problematic for industrial real estate developers faced with supply chain issues and higher labor costs for construction workers. However, these new barriers to entry create opportunities for owners of existing industrial properties that are well positioned to take advantage of higher property values.”  -Adam Abushagur


I N D U S T R I A L   N E W S

Here’s What Those Labor Shortages Mean For CRE Investors
Globe St.- June 10, 2021
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States Will Start Cutting Off Federal Unemployment Benefits This Week.
Here’s A Map Of Where (And How Soon) Aid Is Ending

CNBC – June 7, 2021
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Why Investors And Lenders Are Warming To Cold Storage
Commercial Property Executive – June 2, 2021
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Choose Carefully When Investing In CRE To Hedge Inflation
Globe St.- June 7, 2021
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Surging Industrial Demand Makes It Even Harder For
Cannabis Cultivators To Grow

Bisnow – June 9, 2021
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R E G I O N A L   N E W S

Austin Industrial Park Changes Hands
Commercial Property Executive – June 4, 2021
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This Week’s Chicago Deal Sheet
Bisnow – June 8, 2021
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This Week’s Houston Deal Sheet
Bisnow – June 4, 2021
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Nexus At DIA Industrial Park In Denver
Adding 500,000 Square Feet

DC Velocity – June 7, 2021
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St. Louis Regional Freightway Q2 2021 Industrial Market Report:
Spec Activity Rivals Pre-Pandemic Levels While Construction Rebounds

St. Louis Post-Dispatch – June 2, 2021
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