High demand and limited supply have led to dramatic increases in domestic steel and lumber prices this year, significantly increasing the cost of commercial real estate development. By early May, both steel and lumber prices had more than tripled since late last year,...
When it comes to commercial and industrial buildings that need to stand the test of time, wood is proving it has the necessary resilience and strength, while offering unique advantages over steel and concrete. In retail and office spaces, wood not only offers...
Against the backdrop of this year’s Cyber Monday generating record-shattering online sales estimated at $9.2 billion, commercial real estate experts envision e-commerce-fueled industrial REITs being a shining star of the REIT show in 2020. Meanwhile, in tandem with...
Prologis Inc., the largest warehouse provider in the U.S., wrapped up construction of a three-story distribution center in Seattle in October of last year. The 590,000-square-foot project, called Georgetown Crossroads, is the nation’s first logistics property to have...
The last decade has been a time of profound and consequential change in industrial construction. Trends like the integration and influence of new technology, adapting to space limitations in urban environments, the explosive growth and proliferation of distribution...
It’s the year of the warehouse mega-deal, and the two largest players are running away from the pack. Blackstone Group Inc. and real estate investment trust Prologis Inc. are locked in an Amazon-fueled acquisition battle, gobbling up U.S. warehouse space in a bid to...
Industrial investors are not pulling back from the sector because of concerns about a slowing economy and potential impacts from tariffs, but they are shifting strategies and looking to find safe havens, including gearing their portfolios toward core markets and...
According to new research from CBRE, even as the growth of e-commerce has lifted the entire industrial & logistics real estate sector, a sweet spot has emerged: warehouses smaller than 120,000 sq. ft. CBRE analyzed U.S. industrial buildings by size and found that...
Demand for smaller warehouses is soaring as e-commerce and the push for faster delivery accelerates competition for industrial space close to major population centers. Rents for U.S. warehouses of between 70,000 and 120,000 square feet rose by more than 33.7% over the...
The Urban Land Institute’s and PwC’s Emerging Trends 2020 report finds real estate will continue to be a favored asset class even as the economy readies for a “downshift” and other uncertainties loom. But it warns against complacency as the industry prepares for a...
Despite concerns about the long-term impact of tariffs and the potential for an economic downturn, the outlook for the U.S. industrial sector heading into 2020 remains positive, according to industry executives who spoke at the recent Avison Young U.S. Industrial...
Under a mid-range scenario, flex space could represent 13 percent of the total U.S. office space supply, or nearly 600 million square feet, by 2030, according to a new report from CBRE. Under this scenario, typical base clients for flex space are supplemented by...
Self-storage REITs are ready to swoop in on an enticing source of acquisitions. As the self-storage industry continues to contend with a glut of supply in many major markets, some developers are nervous. Why? Because they’re wrestling with slower than anticipated...
Keeping tabs on the threats and volleys of the Trump Administration’s trade disputes is its own full-time job. By the Peterson Institute for International Economics’s count, it’s a war being fought on no fewer than five fronts, including skirmishes over intellectual...
Out of a 30K SF warehouse in Vernon, California workers moved hundreds of pallets stacked high with frozen and chilled products and beverages to the inside of refrigerated truck trailers. This week, the Boa Logistics team loaded 1.2 million pounds of frozen and...
E-commerce and last mile logistics tenants are fueling additional demand for industrial space expansion in the U.S., spurring midsize space users to dominate the industrial market. Midsize industrial tenants—those who occupy 50,000-sq.-ft. to 300,000-sq.-ft....
Dakkota Integrated Systems announced today that it will build a $55 million, 600,000-square-foot manufacturing plant in Detroit and hire 625 employees. The new facility will be on the east side at the 32-acre site of the former Kettering High School and Rose...
Brick-and-mortar retailers all over the country are trying to reinvent themselves in order to compete with their online counterparts, offering shoppers the experience they hope will win out over the convenience of having purchases dropped at their doors. Whole Foods,...
The mall is now a warehouse, and Blackstone Group LP is betting $18.7 billion on the shift. That’s how much the alternative investment manager is paying for 179 million square feet of urban logistics properties -- the warehouses used by Amazon.com Inc. and other...
cording to an Associated Builders and Contractors analysis of U.S. Census Bureau data released today, national nonresidential construction spending rose 0.3% in April, totaling $792.6 billion on a seasonally adjusted annualized basis, which is a 6.4% increase compared...
The Top Starts ranking lists the 100 largest projects to break ground in the Midwest in 2018 in terms of construction cost. The projects reflect a total investment of $30.9 billion. The data was compiled by Dodge Data and Analytics and other ENR sources from our...
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