TAG Industrial Watch: July 2, 2022
Once considered the “ugly duckling” of commercial real estate, Industrial Outdoor Storage (IOS) has become the newest booming asset class now valued at $200 billion. IOS properties, characterized by low building-to-land coverage ratios (usually less than 20%), can be used to store vehicles, equipment, and shipping containers. Thanks to strict zoning regulations that prevent new development and the boom in imports and e-commerce, IOS properties are able to fetch up to $6,500 per acre a month in rent for inland areas such as Dallas and up to $60,000 per acre along coastal areas like Los Angeles (D Magazine). Furthermore, the adoption of port and railyard fees aimed at reducing the time shipping containers can dwell on site is adding fuel to IOS demand. IOS landlords may have been overlooked in the past, but their properties are quickly becoming one of the most sought-after in the industrial market.
I N D U S T R I A L N E W S
Industrial Outdoor Storage Is Having A Moment
D Magazine – June 23, 2022
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Industrial Outdoor Storage Continues Upward Trajectory
Globe St. – June 15, 2022
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Ports Tackle Vessel “Dwell Times” To Reduce Backups
Marketplace – June 29, 2022
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US Supply-Chain Jams Take New Life With Rail, Warehouse Squeeze
WealthManagement.com – June 28, 2022
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Pop-Up Container Yards Expand As Ports Remain Clogged
Globe St. – June 16, 2022
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R E G I O N A L N E W S
Marcus & Millichap Brokers $5.2 Million Industrial Sale-Leaseback In Niles
RE Journals – June 22, 2022
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Denver A Top Industrial Market To Watch
Mile High CRE – June 29, 2022
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Taiwan’s GlobalWafers To Invest $5 Billion In New Texas Factory
MarketWatch – June 27, 2022
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Port Houston Awards $429M In Dredging Contracts To Widen Channel
American Shipper – June 17, 2022
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One Million Square Feet Of New Buildings Being Added
To Grand Prairie Business Park
ConnectCRE – June 28, 2022
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