Industrial Watch: February 1, 2020
“Certain industrial trends are expected to roll in 2020. These include higher lease renewal rates due to historically low vacancies. Tenants strive to stay where they are with the steep competition for space, even if that means higher rents. However, vacancy rates aren’t predicted to decrease further, but remain comparative. Additionally, more industrial/retail-use properties are expected to pop up, in the form of industrial add-ons to retail space or a complete industrial replacement of the retail property. Even with the fire of the industrial market and the strength predicted to continue into 2020, sales volume is expected to dip slightly due with the combined effects of high prices and investor uncertainty.” -Adam Abushagur
I N D U S T R I A L N E W S
Last-Mile Specialist Bond Raises $15M For E-Commerce Delivery Platform
BisNow – January 29, 2020
Can Industrial Stocks Repeat Last Year’s Success?
GlobeSt- January 30, 2020
Behind the Increase in Distressed Funds
GlobeSt – January 31, 2020
T E X A S N E W S
How Houston’s Population Growth Is Driving Economic Development
BisNow – January 28, 2020
Cowboys owner Jerry Jones’ property company plans Frisco industrial project
The Dallas Morning News – January 30, 2020
DFW Industrial Plays Are Not Going Away, But Where Developers Play Could Change
BisNow – January 27, 2020
CommonGrounds Opens 27,747 Flexible Workspace at Houston’s Greenway Plaza
REBusiness – January 30, 2020
M I D W E S T N E W S
MMGY Relocates Within KC Area to Overland Park MXU
Connect – January 24, 2020
Busch heir partners with local fund to buy downtown tower for $20M
St. Louis Business Journal – January 29, 2020