“Urban Land Institute’s (ULI) semi-annual Real Estate Economic Forecast results showed that industrial would be the only property type to return to pre-pandemic vacancy levels come 2022. The forecast also predicted that 2020 would end with unemployment at 11% and GDP of negative 6%. However, GDP would show annual gains of 3.9% in 2021 and 3.6% in 2022 with low inflation and a low 10-year treasury expected. According to the ULI economic outlook, industrial rents will be stable until the end of 2020, while growing 2.5% in 2021 and 4% in 2022. At least for some, predictions are very optimistic-industrial will be on the up and up after the pandemic.”  -Adam Abushagur

 

I N D U S T R I A L   N E W S

The Pandemic Exposes The Flaws In Warehouse Automation

GlobeSt – May 19, 2020

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Many Companies Are Still Looking For Office Space

Bisnow. – May 17, 2020

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Waiting For Distressed Deals To Come To Market

GlobeSt. – May 21, 2020

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T E X A S   N E W S

Archway Properties Revamps Service Center For Last-Mile Use

Connect Texas – May 21, 2020

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Manufacturing Firm Best Known For Its Glass Jars Takes 678K-SF Facility In North Texas

Dallas Business Journal – May 21, 2020

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Equipped With SBA’s PPP Loan Forgiveness Application, Bankers Weigh In On What’s Next For Borrowers

Dallas Business Journal – May 21, 2020

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M I D W E S T   N E W S

$256M MXU In Lansing Gets The Green Light

Connect Chicago – May 20, 2020

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The Pandemic Will Permanently Change The Auto Industry

Kansas City Business Journal – May 14, 2020

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2020-05-26T15:22:54+00:00