Commodities, Shortages and Inflation: What’s the Impact on Industrial Real Estate?

            Record industrial real estate demand combined with aging building inventory has helped the sector maintain a record-level industrial construction pipeline. The recent commodity shortages and increased pricing could, however, slow down real estate developers, potentially driving already low vacancy rates down even further. These shortages are also making it[…]

FLORIDA EMPLOYMENT REPORT NOVEMBER 2020

Published statistics lag by several weeks in providing a real time picture of Florida’s employment situation. Each new release revises previous month’s figures as new information is provided. While employment statistics traditionally use year-over-year comparisons, we have provided a month-to-month snapshot showing the immediacy of economic changes in the state.   Download Report

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FLORIDA INDUSTRIAL RENT COST REPORT Q3 2020

The COVID-19 turbo charged many industrial markets as e-commerce as well as firms tied to logistics and delivery expanded to service customers forced to stay home due to lockdowns. Continued confidence in growth is evident in the amount of construction deliveries and projects under construction in most Florida markets. Florida’s unemployment rate was 7.6% in[…]

Florida Employment Report | July 2020

Florida continues to see improvement on the job front over the summer. Florida lost 1,178,100 jobs from February to April 2020 and has since gained back almost half of the jobs lost, +572,200 jobs. On a month-to-month basis, payrolls increased by 101,000 jobs in July while the unemployment rate increased 1,000 basis points to 11.3%. The[…]

Midyear 2020 Florida Investment Sales Industrial Report Card

Florida experienced a 12.8% YOY decrease in industrial investment sales through the first half of 2020. Orlando and Miami were the only markets to experience an increase at the mid year, up 104.4% and 29.2% respectively on sales that hit in the first quarter. All markets experienced a substantial decrease in sales during the second[…]

Florida Industrial Rents Q2 2020

Second quarter rents reflect minimal impacts from COVID-19. Warehouse/Distribution direct rents increased to near record highs in several markets based on confidence pre-COVID. Average rent growth YOY in Florida was 8.3%, and average statewide rents were 12.9% higher than previous cycle highs. On an inflation adjusted basis, statewide rents were off by 6.1% from the previous[…]

Florida Industrial Rents Q1 2020

Shelter-in-place orders and business interruptions did not occur in Florida until the end of March. As such, 1st quarter industrial rents do not reflect any real impacts from COVID-19. While there has been significant rent growth pre-pandemic, most industrial rents in Florida lag historical highs based on a numerical or an inflation adjusted basis. Only Jacksonville[…]

Transforming the Supply Chain for Shifting Channel & Product Demands

How has COVID-19 Impacted eCommerce, Logistics & Manufacturing?     Join a panel of logistics and retail experts for a discussion about pandemic-driven shifts in supply and demand. Find out what changes are happening now and how industries may be impacted in the coming months/years. The conversation will include the eCommerce multiplier, acceleration of technology[…]

1Q 2020 Florida Industrial Construction Report Card

As the world reacts to the Covid-19 pandemic, demand from industrial users will change with the potential for powerful impacts on Florida markets. Industrial space is traditionally the most nimble and responsive to immediate changes in the economy, ramping up quickly when demand rises with projects shelved just as fast as the economy softens. Late[…]

Coronavirus: Impact On The Global Property Markets

Developments are extremely fluid, and tremendous uncertainty remains regarding how broadly the virus will spread and what its ultimate impact will be on public health, economic growth and financial and real estate markets. All eyes are on the financial markets. The virus is battering China’s economy. The precise impact to the global economy is unknowable,[…]