TAG Industrial Watch: January 14, 2023

As the industrial market begins to consolidate, the subleasing trend that began last fall is starting to pick up the pace. Over the last year, available industrial sublease space has shot up nearly 46%. While Amazon has unsurprisingly led the way, it is not retail, but the manufacturing industry that has mostly flooded the subleasing market. Moreover, the newly available space is largely concentrated in units of at least 200,000 square feet (Bisnow). Given the trouble brewing amongst big box warehouses, investors may start to look towards specialized small industrial facilities as an alternative.

I N D U S T R I A L   N E W S

Industrial Sublease Availability Up 46%, And Not Just Because Of Amazon
Bisnow – January 4, 2023
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Industrial Sublease Space Ticks Up As Demand Moderates
Globe St. – January 5, 2023
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MBA Projects 5% Decline In Commercial Mortgage Volume For 2023
Connect CRE – January 5, 2023
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US Industrial Development Starts Plunge By 40% In Fourth Quarter
CoStar – January 9, 2023
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Flexport To Lay Off 20% Of Its Global Workforce
CNBC – January 11, 2023
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R E G I O N A L   N E W S

Pet Food Company Takes 179 KSF In Wisconsin
Commercial Property Executive – January 11, 2023
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PrimeSource Building Products Signs 170,300 SF
Lease At HighPoint Elevated Industrial Park

Mile High CRE – January 9, 2023
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CanTex Sells Shallow Bay Industrial Portfolio In East Dallas
REJournals – January 9, 2023
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Neveon USA Signs 50,000 SF Industrial Lease In Fort Worth
REBusiness Online – January 11, 2023
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Industrial Real Estate Rents Take Flight Near Airports
Yahoo! Finance – January 6, 2023
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