TAG Industrial Watch: December 5, 2022

While we are only one week into the holiday shopping season, signs indicate that retail sales may struggle just as major retailers predicted. According to Adobe Analytics, online sales set a fresh record of $9.12 billion on Black Friday, up 2.3% annually (Globe St.). Unfortunately, with the Consumer Price Index up 7.7%, real sales declined by -5.4%. Given that the CPI significantly understates how much prices are rising, retailers are likely feeling an even bigger pinch. For the industrial market, weak holiday sales result in weaker demand for warehouse space. However, any drop-off in demand will largely hit the big-box segment more. Although owners of small industrial properties have stood in the shadow of their larger counterparts during this industrial boom, they are poised to take center stage in the years to come.

I N D U S T R I A L   N E W S

Retailers’ Inflation-Fighting Discounts Yield Modest Growth on Black Friday
WealthManagement.com – November 28, 2022
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The ‘Record-Breaking’ Black Friday Event That Really Wasn’t
Globe St. – November 29, 2022
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Shipping Prices, Volumes Plummeting During Logistics’ Traditional Peak Season
Bisnow – November 28, 2022
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Driven by Shipping and Logistics, National Development Pipeline Nears 714 Million Square Feet
Commercial Edge – November 22, 2022
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Commercial Real Estate Investing Options That Can Help You Withstand a Recession
Forbes – November 23, 2022
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R E G I O N A L   N E W S

US Agency Okays Oil Terminal Near Freeport
Connect CRE – November 28, 2022
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Dallas, the Nation’s Largest Pipeline of New Industrial Space, Seen Fueling Record US Construction
CoStar – November 29, 2022
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Co-Warehousing Operator Saltbox Lands $35M Funding Round, Expands To New Cities
Bisnow – November 29, 2022
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Detroit, Columbus, Indianapolis, Kansas City All Celebrate Positive Industrial News
REJournals – November 29, 2022
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Ascent Commerce Center Signs Lease with La-Z-Boy
Mile High CRE – November 30, 2022
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