TAG Industrial Watch: October 22, 2022

Historically, industrial demand peaks towards the end of the year, however, this year may be different. Last quarter, the number of transactions and square footage traded both slipped to the lowest quarterly levels since Q1 2021. As the U.S. economy confronts the toughest interest rate environment in nearly 15 years, investment demand may continue to struggle to keep pace with a historically high level of new listings. During Q3, a record 322.6 million square feet of industrial space was available for sale among the top 50 metros in the U.S., soaring 245% over last year’s totals during that time. With less than a month into Q4, the available space for sale has already jumped to 361.9 million square feet. With interest rates rising and more properties on the market than ever before, industrial real estate may quickly transition into a buyers’ market.

I N D U S T R I A L   N E W S

NAHB: We Are in A Recession
Globe St. – October 12, 2022
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Warehouses Are Losing Their Heat
The Real Deal – October 18, 2022
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Warehouse Demand Shows Signs of Cooling For
First Time Since Pandemic’s Onset

CoStar – October 18, 2022
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What A Recession Could Mean For Commercial Real Estate
J.P. Morgan – September 23, 2022
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Will the Federal Reserve Keep Raising Interest Rates In 2023?
NASDAQ – October 17, 2022
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R E G I O N A L   N E W S

Marcus & Millichap Arranges Sale Of Industrial Building In Rolling Meadows
REjournals – October 18, 2022
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Industrial Outdoor Storage Project In Loveland Secures Construction Financing
Mile High CRE – October 3, 2022
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Contegra Underway On 390,943 SF Spec Distribution Center At
Blue River Commerce Center In Kansas City

REBusiness Online – October 12, 2022
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Q3 El Paso Industrial Numbers Way Up
Connect CRE – October 14, 2022
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Lovett Industrial Announces a New Project In North
Houston Totaling 567K Square Feet

Businesswire – October 10, 2022
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