TAG Industrial Watch: July 31, 2021

“With industrial leading the way, confidence among commercial real estate professionals hit record levels going into the summer (SIOR). No sign can be more indicative of this positive sentiment than the historic level of speculative warehouses under construction. By the end of the 2nd quarter, nearly 575 million square feet were underway nationwide, representing a 30% increase from a year ago. More than half of all new construction broke ground as speculative builds. Given that the average project is about 300,000 square feet (Wealth Management), it’s clear that developers are targeting large tenants such as Amazon and FedEx. While new supply of smaller warehouses dwindles, demand remains high. This presents a great investment opportunity to satisfy an unmet need in today’s market.” -Adam Abushagur


I N D U S T R I A L   N E W S

Sometimes Companies Find They Have Too Much Inventory. Here’s Where They Can Go.
Globe St. – July 22, 2021
Read More

Accelerated Demand for Industrial Space Is Driving a Boom in Spec Development
Wealth Management – July 22, 2021
Read More

Prologis Tenants Brush Off Rising Rents
Globe St. – July 23, 2021
Read More

SIOR Snapshot Sentiment Report Shows Highest Market Confidence On Record
SIOR – July 21, 2021
Read More

Leases To Non-Amazon E-Commerce Companies Triple For Prologis As Online Retail Diversifies
Supply Chain Dive – July 21, 2021
Read More


R E G I O N A L   N E W S

The Biggest Challenges And Opportunities In Chicago Industrial Real Estate Right Now
REjournals – July 20, 2021
Read More

Lime Rock Resources to Buy Oil/Gas Properties for $508M
Connect Texas – July 28, 2021
Read More

TricorBraun Signs 70,106 SF Industrial Lease at Ella West Crossing in East Houston
Rebusiness Online – July 19, 2021
Read More

Sparrowhawk Real Estate Acquires 272,882-Square-Foot Industrial Property In Kansas
REJournals – July 23, 2021
Read More

DataBank Acquires Property near Denver for Data Center Expansion
Data Center Frontier – July 26, 2021
Read More