TAG Industrial Market Watch: February 23, 2019
“Large-scale distribution tenants remain in constant search of a qualified workforce. While site selection for industrial has recently been in the news for high construction and land costs, labor continues to be a lingering issue. It is only natural that as e-commerce grows, warehouses are getting bigger and thus calling for a larger workforce at the site.
While technology additions are leading to safer and more appealing atmospheres for employees, the improvements are not intended to eliminate jobs. In fact, they are contributing in the hiring and retaining of qualified employees in a competitive market. Although controversial, companies like Amazon who raised their minimum wage to $15/hr. back in October in Dallas Fort-Worth are seeing that the increase literally pays off, rather than costly high turnover.
In the question of quality vs. quantity, the answer is both.”
First Vice President Investments
Managing Director- TAG Industrial
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