TAG Industrial Watch: October 29, 2022
After declining for two consecutive quarters, economic activity in the U.S. rebounded in the third quarter with Gross Domestic Product (GDP) rising 2.6% on an annual basis. While the headline number provided good news to Wallstreet, helping stocks recover lost ground over the last month, a closer examination shows that the economic environment is still weak. Essentially, all of the growth during Q3 was caused by a reduction in imports and a rise in exports that narrowed the nation’s trade deficit, which subtracts from GDP. However, when it comes to the rest of GDP: consumption of goods and services, business investment, and government spending, economic activity continued its decline. While the decline in consumption doesn’t bold well for the large warehouse segment of industrial real estate, smaller specialized facilities are better positioned. Relative to consumption, manufacturing activity continues to hold up well, serving as a key support to the smaller specialized industrial market.
I N D U S T R I A L N E W SU.S. GDP Accelerated At 2.6% Pace In Q3, Better Than Expected As Growth Turns Positive What’s Behind Q3’s Industrial Investment Sales Slowdown Demand for Industrial Space Is Slowing Down. But It’s Still a Landlord’s Market Frozen Debt Markets, Local Pushback Chipping Away At Industrial Cash Cow Industrial Market Trends, Takeaways From SIOR CREate 360
R E G I O N A L N E W SArden, Wafra Launch $1 Billion Venture To Buy Outdoor Industrial Sites McKinney Factory New Home for Lithium-Ion Battery Recycling Plant Chicago’s Industrial Supply Problem Could Linger Longer Than Expected Lightstone Secures $40M Financing for 11 Industrial Properties in Broomfield Q3 broke the record for highest percentage of construction starts during |