28 09, 2020

TAG Industrial Watch: September 26, 2020

2020-09-29T22:51:11+00:00

“Even as consumer confidence continues to remain low amidst the U.S. economic recovery, the industrial and logistics sector has held out as resilient. Positive net absorption and demand has not wavered for industrial, attracting new cross-product buyers looking to target new types of assets. Another trend that is finally gaining a bit more traction due [...]

TAG Industrial Watch: September 26, 2020 2020-09-29T22:51:11+00:00
21 09, 2020

TAG Industrial Watch: September 19, 2020

2020-09-21T14:31:19+00:00

“Results of the SIOR Sentiment Survey in August reflect a more confident commercial real estate industry further along in the pandemic. Industrial specialists reported the percentages of transactions proceeding according to schedule increased to 45.2 percent, compared to the 26.1 percent in April of this year. In addition, the same survey showed that 49.7 percent [...]

TAG Industrial Watch: September 19, 2020 2020-09-21T14:31:19+00:00
14 09, 2020

TAG Industrial Watch: September 12, 2020

2020-09-14T14:33:47+00:00

“U.S. banks amped up nonresidential construction lending by 4.2 percent from Q1 of 2020, to the tune of $300.35 billion in loans for the second quarter of 2020. This increase occurred despite the fact that loan delinquencies remained higher than normal since the beginning of the year, with Wells Fargo & Co. and U.S. Bancorp [...]

TAG Industrial Watch: September 12, 2020 2020-09-14T14:33:47+00:00
8 09, 2020

TAG Industrial Watch: September 5, 2020

2020-09-08T14:24:17+00:00

“While many are focusing on the similarities of the most recent past recession and the current pandemic-related recession, the differences surrounding CRE are distinct. The Great Recession experienced a reduction in CRE sales by 58 percent, with Q2 of 2020 showing sales down about 60 percent compared to 2019. In contrast, we’re facing the sales [...]

TAG Industrial Watch: September 5, 2020 2020-09-08T14:24:17+00:00
31 08, 2020

TAG Industrial Watch: August 29, 2020

2020-09-08T14:16:29+00:00

“In just the second quarter of 2020, 30 million square feet of industrial real estate was absorbed in the United States, with 2,000 new leases signed for 10,000+ square feet facilities. The strong performance in the first half of the year is a reflection of the obvious ecommerce demand, but also for domestic manufacturing facilities. [...]

TAG Industrial Watch: August 29, 2020 2020-09-08T14:16:29+00:00
24 08, 2020

TAG Industrial Watch: August 22, 2020

2020-08-24T17:55:09+00:00

“With enhanced e-commerce since the start of the COVID-19 pandemic, demand for newer industrial square footage boomed. However, this effect trickles down to other industrial classes—a win-win for the sector. With e-commerce comes a significant increase in online returns. The facilities handling these returns could see up to an additional 20 percent of distribution space [...]

TAG Industrial Watch: August 22, 2020 2020-08-24T17:55:09+00:00
17 08, 2020

TAG Industrial Watch: August 15, 2020

2020-08-17T16:25:51+00:00

“While turbulent, the “stop-start-stop” of the economy during coronavirus’ second wave has not prevented industrial deals from materializing. And although industrial seems to be the breadwinner of this downturn, industrial investors are still flocking to safety in core markets, i.e. Chicago, New York, the Inland Empire, and Dallas. However, wherever there is space, industrial development [...]

TAG Industrial Watch: August 15, 2020 2020-08-17T16:25:51+00:00
10 08, 2020

TAG Industrial Watch: August 8, 2020

2020-08-10T14:28:24+00:00

“The COVID-19 effect, while only increasing demand for industrial, has crept into the development side. Developers are building for the mass market of tenants with exit strategies in mind. While demand is present and with new development amenities and design features, leasing these developed sites becomes much easier. However, it is important to remember that [...]

TAG Industrial Watch: August 8, 2020 2020-08-10T14:28:24+00:00
3 08, 2020

TAG Industrial Watch: August 1, 2020

2020-08-10T14:16:32+00:00

“While much of COVID-19 economic assistance has been provided for numerous markets, there may be opportunity for CRE owners to receive relief as well. The Helping Open Properties Endeavor Act of 2020 (HOPE Act of 2020) was introduced into Congress and would “require the Department of the Treasury to establish and administer a facility to [...]

TAG Industrial Watch: August 1, 2020 2020-08-10T14:16:32+00:00
27 07, 2020

TAG Industrial Watch: July 25, 2020

2020-07-27T15:45:29+00:00

“Contrary to other asset classes, industrial rents are stable or increasing and new leases are being signed to meet the digital demand surge. According to CNBC, one billion square feet of additional industrial space will be needed by 2025 to meet this demand, linked to surging e-commerce. This is supported by Prologis’s estimate that says [...]

TAG Industrial Watch: July 25, 2020 2020-07-27T15:45:29+00:00