TAG Industrial Watch: November 19, 2022

Despite the recent pullback in gas prices, all energy costs are up nearly 18% annually based on the October Consumer Price Index (BLS). The continuous rise in energy costs has hit the industrial sector particularly hard, given that the industry accounts for about 31% of energy consumption in the U.S. This has prompted some of the largest industrial landlords, including Prologis and Trammell Crow Company, to go all-in on going green (Bisnow). While green technology, such as rooftop solar panels, often comes with a hefty price tag upfront, the investment can lead to significant cost savings down the road and increase property values. Although green technology has initially been adopted by the big guys, there’s no reason that owners of smaller industrial properties can’t get in on the action too.

I N D U S T R I A L   N E W S

Industrial’s ESG Progress Under Threat As Companies Slash Costs
Bisnow – November 16, 2022
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Global Direct CRE Investment Falls For First Time Since the Pandemic
GlobeSt. – November 16, 2022
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CRE Roles On The Chopping Block? How The Downturn May Shift Real Estate Jobs Market
ConnectCRE– November 11, 2022
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Real Estate Roundtable’s Economic Sentiment Index Drops Five Points From Q3
The Real Deal – November 8, 2022
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Nationwide Decrease In Construction Cost Inflation, But Some Metros Slower To Dip
WealthManagement.com – October 31, 2022
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R E G I O N A L   N E W S

Chicago Industrial Vacancy Creeps Up as New Product Hits Market
Bisnow – November 15, 2022
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How Strong is the Commercial Real Estate Market in St. Louis?
That Depends on What You Mean by ‘St. Louis’

ReJournals – November 15, 2022
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Dallas Firm Building 451k SF Industrial Site in Austin
The Real Deal – November 7, 2022
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Growth in Colorado’s Aerospace Industry Ripples Through Earthbound Real Estate Business
The Denver Post – November 12, 2022
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Kansas City Medical Marijuana Companies Prepare to Cash in on Full Legalization
The Kansas City Star – November 14, 2022
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