Industrial Watch: May 30, 2020
“The industrial market continues to change, but outlook appears optimistic. Uncertainties in supply and demand have become a new normal for some companies, with “safety stock” becoming their buffer solution. This extra stock seeks to mitigate risks of stockout by allowing businesses to operate as usual with adequate merchandise levels for consumers. For industrial, this means additional storage space demand, with effects like more expensive land and an increase in distribution facilities located closer to populous markets. Cold storage is also predicted to experience significant demand, the result of so many opting for online grocery shopping and grocery delivery. While nothing is certain, there is a possibility that COVID-19 trends may not just be short-term.” -Adam Abushagur
I N D U S T R I A L N E W S
Sale Leasebacks On The Rise As Owners Seek Cash
GlobeSt – May 26, 2020
The Newfound Importance Of Technology In Property Management
National Real Estate Investor – May 27, 2020
Global GDP Forecast Projected To Worsen But Will Hit Bottom Soon
GlobeSt. – May 28, 2020
T E X A S N E W S
Retail Developer Eyes 1.4M-SF Industrial Project In Fort Worth
Dallas Business Journal- May 27, 2020
TX Factory Activity Declines Again, But At Slower Pace
Connect Texas – May 27, 2020
6 Houston Projects To Watch In 2020
Bisnow – May 26, 2020
M I D W E S T N E W S
Lightfoot Issues Reopening Guidelines For CRE, Other Sectors
Connect Chicago – May 28, 2020
Distressed Real Estate Market Beckons Opportunistic Buyers
Chicago Business Journal – May 27, 2020