TAG Industrial Watch: August 21, 2021

“After declining by over 8% in 2020, the national volume of industrial property sales is set to rebound this year. While the record volume of $106.5 billion (not including undisclosed transactions) set in 2019 may not be broken, prices paid per square foot this year are at all-time highs. The average and median price paid per square foot is about $95 and $93, respectively, representing nearly an 11% and 18% increase over 2020 levels (CoStar). Current gains should be regarded as more exceptional given that prices posted healthy gains in 2020, despite the economic impact of the pandemic-related shutdowns. Summer may be coming to an end, but industrial real estate remains red hot.”  -Adam Abushagur


I N D U S T R I A L   N E W S

Equity Commonwealth Sweetens Monmouth Merger Offer
Commercial Property Executive – August 17, 2021
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Land-Strapped Industrial Developers Tearing Down Offices For Distribution Centers
Bisnow – August 12, 2021
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Grocery Store Visits Returning To Pre-Pandemic Patterns
GlobeSt. – August 2, 2021
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Construction Salaries Rise Amid Competition For Workers
Bisnow – August 10, 2021
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How One Industrial Fund Is Targeting A Wider Investor Base
Wealth Management – August 12, 2021
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R E G I O N A L   N E W S

KKR And Oxford’s $2.2B Industrial Deal
Commercial Property Executive – August 18, 2021
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The Top US Industrial Markets For H1 2021
GlobeSt. – August 11, 2021
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Taurus Acquires 20-Building Kansas City Industrial Portfolio For $55.2M
ReBusiness Online – August 17, 2021
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Conor Sells Winfield Industrial Leased To High-Credit Tenants
Connect Chicago & Midwest – August 16, 2021
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