TAG Industrial Watch: October 4, 2025

With the federal government in shutdown mode over budget funding disagreements, the usual release of the September jobs report by the Bureau of Labor Statistics is delayed. This puts the spotlight on the monthly National Employment Report published by the private payroll services company ADP. Based on the ADP report, the private sector contracted in September, losing -32,000 jobs on a seasonally adjusted basis. The tough news continued with a revision to August that changed the initially reported addition of 54,000 jobs to an actual loss of -3,000, making September the third contraction in the last four months. The recent jobs data is not just another sign of recession, but one of the most important indicators of the state of the economy. Industrial owner-users should also take the job numbers as a sign to prepare in case of economic challenges ahead. With industrial property values still at record highs, perhaps the best way to prepare is through a sale-leaseback that can turn a company’s biggest asset into working capital.

I N D U S T R I A L   N E W S

ADP National Employment Report: Private Sector Employment
Shed 32,000 Jobs In September; Annual Pay Was Up 4.5%

PR Newswire – October 1, 2025
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Seasonal Retail Hiring To Fall To Lowest Level Since 2009,
Signaling Trouble For Holidays, Report Says

CNBC – September 24, 2025
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Behind Closed Doors, A Majority Of CEOs Admit They ​​​​Won’t
Boost U.S. Investment As Tariffs Hurt Their Businesses

YahooFinance! – September 19, 2025
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Trade Policy Volatility Keeps Industrial Market On Uneven Footing
GlobeSt.com – September 6, 2025
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US Heavy Truck Sales Have Plunged In Latest Red Flag ​​​​​​For
American Economy — 3 Ways To Protect Your Wealth Now

Yahoo!Finance – September 19, 2025
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R E G I O N A L   N E W S

Investcorp Completes $365M Liquidation
Of Midwest Industrial Portfolio

Connect CRE – September 29, 2025
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Brennan Investment Group Acquires 1.29-Million-
Square-Foot Industrial Portfolio In Houston Market

REjournals – October 2, 2025
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Realterm Buys 34.1-Acre Industrial
Outdoor Storage Facility In El Paso

REBusiness – October 1, 2025
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Trammell Crow JV Delivers 1.4 MSF
Houston Industrial Park

Commercial Property Executive – September 9, 2025
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Quannah Partners Acquires Rare
Industrial Property In Boulder

Mile High CRE – September 30, 2025
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