TAG Industrial Watch: September 3, 2022
In recent weeks, the renewed positivity in the investment community has quickly faded, and industrial owner-users should take notice. Despite consumer prices slowing down in July as oil prices dropped, the Federal Reserve has maintained its tough rhetoric on fighting inflation. Consequently, interest rates on the 10-Year U.S. Treasury Bond have reversed course, topping 3.10% for the first time in two months (CNBC). Similarly, the bear-market rally in stocks has abruptly ended, and markets may be headed to new lows with two weeks left before the next Fed meeting on interest rates. Owner-users considering selling and leasing back their properties this fall should pay close attention. If the Fed continues to raise interest rates aggressively in a weakening economy, industrial investors acquiring new properties may need to seek higher returns to secure financing. While this means higher cap rates, owner-users can take comfort that equity levels will still be at historic highs even if they have to adjust the asking price to attract investors.
I N D U S T R I A L N E W S
Thought The Fed Might Back Off On Rate Hikes Soon? You Were Mistaken
Globe St. – August 18, 2022
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Is Dry Powder In The CRE Space Ready To Move Off The Sidelines?
WealthManagement.com – August 21, 2022
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Canceled Sailings, Stuck Vessels, Warehouse Prices
Show U.S. Ports Are Still Struggling
CNBC – August 25, 2022
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Amazon Ups Number Of Postponed, Canceled Warehouses To 49
Bisnow – August 25, 2022
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Commercial Property Executive – August 30, 2022
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R E G I O N A L N E W S
Rare 27-Acre Industrial Land Asset In Central Denver Sells For $19M
Mile High CRE – August 22, 2022
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Cell Therapy Developer Moving To Woodlands Facility
Connect CRE – August 19, 2022
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Omni Logistics Debuts 3-Building Industrial Campus In Euless
Bisnow – August 25, 2022
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Centris Industrial Breaks Ground On Generation Park
Industrial Site In Houston
REJournals – August 29, 2022
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TradeLane Buys 13 Industrial Properties Around Chicago
The Real Deal – August 16, 2022
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