“Not too long ago did many investors seriously consider redeveloping vacant retail space for industrial use. But thanks to the pandemic, retail vacancy has jumped, and industrial vacancy has fallen to historic lows. Consequently, the use of old retail space as warehouses has not only become a reality but a niche market. For example, Chunker is an online marketplace that leases short-term, on-demand warehousing, including former retail space (WealthManagement.com). With 683 million square feet of retail space currently sitting vacant for lease (Costar), industrial investors may be concerned that this inventory represents future new competition. However, very little retail space can be adapted for industrial use. And most of this retail space is not zoned for industrial use. So, it’s safe to say that retail-turned-warehouse spaces will remain a niche market.” -Adam Abushagur

 

I N D U S T R I A L   N E W S

Does It Make Sense To Turn Empty Retail Boxes Into Short-Term Warehouses?
Wealth Management – August 17, 2021
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IRS Takes Scalpel To Opportunity Zone Regs In New Update
Globe St. – August 25, 2021
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Q&A: Growing Industrial With JPMorgan Chase’s Troy Applegate
Connect Texas – August 23, 2021
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When ‘Transitory’ Inflation Really Means ‘Don’t Worry’
Globe St. – August 25, 2021
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The Struggle To Site Last-Mile Distribution Facilities
Commercial Property Executive – August 11, 2021
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R E G I O N A L   N E W S

$1.4B Data Center Issue Sets Record
Commercial Property Executive – August 26, 2021
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Thor Equities Snaps Up Dallas-Area Industrial Property For $36M
Commercial Observer – August 26, 2021
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Fort Worth’s MAG Capital Partners Acquires Ohio Industrial Portfolio
Fort Worth Business Press – August 25, 2021
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PRP Sheds Office Assets, Plans $2B Of Industrial, Data Center Acquisitions
Bisnow – August 23, 2021
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KKR Grows Industrial Footprint In Denver With Purchase Of Park 70
Valdosta Daily Times – August 9, 2021
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