“Shortages in building materials and construction workers have been well documented this year, but we are starting to witness the toll these shortages are taking on deliveries. Despite a record 648 million square feet of industrial space under construction, deliveries for the first half of the year are down 16.8% compared to the first half of 2020 (CoStar). The nation’s factories, mines, and utility companies are only running at 75% of capacity (St. Louis Federal Reserve), suggesting that shortages of building materials are here to stay for a while. Although developers are beginning to adapt to innovative construction designs, it’s clear that deliveries will continue to be delayed. As a result, existing industrial properties will continue to command a premium, allowing landlords to raise rents aggressively or sell to the highest bidder.” -Adam Abushagur

 

I N D U S T R I A L   N E W S

Material, Labor Shortages Push Construction Completions To New Lows
GlobeSt.- August 4, 2021
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Warehouse Inventory Growth Means Need For More Warehouse Workers
Connect National – July 30, 2021
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“Healthy” Number Of Industrial Completions Expected For 2021
GlobeSt. – August 3, 2021
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Cardboard Demand Could Fuel An Industrial Real Estate Boom
The Real Deal – August 2, 2021
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Why The ‘Best Of Times’ For Landlords Is Right Now: Savills EVP
Yahoo Finance – August 3, 2021
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R E G I O N A L   N E W S

Innovative Steel Beam Design Solves Construction
Delays For Houston Industrial Project
Bisnow – July 28, 2021
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BCB Development Breaks Ground On Kansas City’s First
Speculative Cold Storage Industrial Building
Cision – August 5, 2021
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Chicago’s White Hot Industrial Market Means All Hands
On Deck For Property Managers
ReJournals – July 9, 2021
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CRG Launches 2nd US Logistics Fund
Commercial Property Executive – August 2, 2021
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Houston Hits Major Milestone As Industrial Market
Reaches Record Quarterly Leasing
ReJournals – July 29, 2021
Read More