TAG Industrial Watch: August 7, 2021

“Shortages in building materials and construction workers have been well documented this year, but we are starting to witness the toll these shortages are taking on deliveries. Despite a record 648 million square feet of industrial space under construction, deliveries for the first half of the year are down 16.8% compared to the first half of 2020 (CoStar). The nation’s factories, mines, and utility companies are only running at 75% of capacity (St. Louis Federal Reserve), suggesting that shortages of building materials are here to stay for a while. Although developers are beginning to adapt to innovative construction designs, it’s clear that deliveries will continue to be delayed. As a result, existing industrial properties will continue to command a premium, allowing landlords to raise rents aggressively or sell to the highest bidder.” -Adam Abushagur


I N D U S T R I A L   N E W S

Material, Labor Shortages Push Construction Completions To New Lows
GlobeSt.- August 4, 2021
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Warehouse Inventory Growth Means Need For More Warehouse Workers
Connect National – July 30, 2021
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“Healthy” Number Of Industrial Completions Expected For 2021
GlobeSt. – August 3, 2021
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Cardboard Demand Could Fuel An Industrial Real Estate Boom
The Real Deal – August 2, 2021
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Why The ‘Best Of Times’ For Landlords Is Right Now: Savills EVP
Yahoo Finance – August 3, 2021
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R E G I O N A L   N E W S

Innovative Steel Beam Design Solves Construction
Delays For Houston Industrial Project

Bisnow – July 28, 2021
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BCB Development Breaks Ground On Kansas City’s First
Speculative Cold Storage Industrial Building

Cision – August 5, 2021
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Chicago’s White Hot Industrial Market Means All Hands
On Deck For Property Managers

ReJournals – July 9, 2021
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CRG Launches 2nd US Logistics Fund
Commercial Property Executive – August 2, 2021
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Houston Hits Major Milestone As Industrial Market
Reaches Record Quarterly Leasing

ReJournals – July 29, 2021
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