Industrial Watch: November 2, 2019
“This week we saw overnight rate cuts of 25 basis points – third time in 100 days by the Feds. It was not an easy decision either time, as Feds have been at odds with additional cuts due to inflation and unemployment remaining low. Most all commercial real estate transactions have slowed slightly, except industrial, due to low cap rates (6.3% average) delivering well above the 10-year treasury (1.77%). Buyers are hesitant even still and sellers hone in on strong returns to justify pricing. A December rate cut will depend on data collected after any movement on Chinese tariffs in addition to holiday retail data. If a resolution to trade talks occurs, rates may be raised right back up.”
-Adam Abushagur
I N D U S T R I A L N E W S
Amazon Feels Pain in Profit from One-Day Delivery Push
CoStar – October 25, 2019
CoStar Economy: The Waiting is the Hardest Part
CoStar – October 25, 2019
Another Interest Rate Cut will Help Hold Up CRE Values, but was it Needed?
National Real Estate Investor – October 31, 2019
T E X A S N E W S
Texas Manufacturing Expansion Pace Slows
Connect Media – October 30, 2019
Q3 2019 DFW Industrial: Continued Positive Absorption
Connect Media – October 31, 2019
BNSF Targets Hundreds of Acres for Industrial Development
Connect Media – October 31, 2019
E-tailers Transform Clicks for Bricks in Brick-and-Mortar Sites
GlobeSt.com – October 22, 2019
M I D W E S T N E W S
USDA Confirms Location of New KC Operations
Kansas City Business Journal – October 31, 2019
Q&A: Why Industrial Landlords will be Under Pressure to Lease Up in 2020
St. Louis Business Journal- October 24, 2019