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[…]

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,[…]

Industrial cooled off in 2019 – Will it heat back up?

Over the next couple of years, we expect industrial to remain one of the leading product types to watch. The forecast for North American industrial absorption in 2020-2021 is a healthy 459.9 msf. Economic indicators, with strong links to industrial fundamentals, point to continued growth in 2020 and 2021. Industrial has been the investors’ darling[…]

Global Research Brief

The global economy clearly lost considerable strength this year. Global real GDP growth is tracking to come in at 3.0% for 2019—its slowest pace since the global financial crisis. Although commercial real estate (CRE) leasing fundamentals remain broadly stable, it is also evident that the pace at which businesses were gobbling up space decelerated against[…]

2019 Industrial Logistics Report

Cushman & Wakefield’s Florida Industrial Logistics Report explores the state’s unique network for moving goods from entry points to markets. The report also explores how Florida’s combination of ports, rail lines and highway systems play an integral part in supply chains that service customers. We follow a by the numbers approach in the report that[…]

2019 North American Ports Outlook Report

As U.S.-China trade continues to dominate headlines and uncertainty looms for numerous industries, many eyes stay turned to the ports and intermodal sector. Today, consumers from all over the world want to receive goods faster, no matter where the product comes from, and that expectation is not going away anytime soon. The ports and intermodal[…]

Equity, Debt & Structured Finance Capital Markets Update

Market Commentary Treasury yields and major US equity indices moved higher for a second straight week as US and China officials announced plans to hold face-to-face meetings in Washington in “early October.” The optimism of a trade war is outweighing concerns of a slowing global economy temporarily. The increase in rates has meant slightly higher[…]

Florida’s Industrial Evolution

The industrial sector is undergoing a rapid transformation and Florida is at the forefront. The e-commerce boom, supported by a strong economy and growing population, has positioned Florida as a target market for new construction and tenant expansion. In the first half of 2019, over 7.3 msf was delivered with 15.3 msf currently under construction.[…]

Welcome to Jacksonville! Two New Companies Lease Space in Jax

Jacksonville has two new industrial tenants. The industrial leasing team of Tyler Newman and Jacob Horsley recently assisted in the leasing of International DC 1 and International DC 5 to Mygrant Glass and Priority Tire in the Jacksonville International Tradeport. Together, they have leased a combined 112,000 SF. Developed by Jackson-Shaw, International DC 1 and[…]

ScooterSphere, Micro-Mobility Is The Latest Trend

But will it really impact CRE? eScooters are rolling through 150 American cities, making commuting more efficient—and fun—for riders. Check out Cushman & Wakefield’s view of The ScooterSphere. Hear from our industry experts—and scooter enthusiasts themselves—about the rise of eScooters. Check out Cushman & Wakefield’s view of The ScooterSphere. Hear from our industry experts—and scooter enthusiasts themselves—about[…]

Time to Pay Attention to the Yield Curve? Implications and Strategies for CRE.

For the first time in this cycle, the monthly yield curve spread in U.S. Treasury markets turned negative, warranting a closer look at this widely tracked metric. Yield curve inversions do not cause recessions—but have been good predictors of downturns in the past. There is no recession today; nor is one likely any time soon.[…]

U.S. Industrial MarketBeat – Q1 2019

Solid Fundamentals Despite Slow Start Supply Side Constraints: U.S. industrial markets absorbed 25.8 million square feet (msf) in the first quarter of 2019 and registered a healthy 113 msf of new leasing activity—a combination of both direct and sublet activity. Typical of the first three months of a year, seasonality played a role in the[…]

U.S. Economic Outlook & Implications for the Property Markets

Read more about how global trends,recession indicators, interest rates  and labor statistics affect the U.S. economy—specifically the office, industrial, retail and multifamily sectors.  Cushman & Wakefield’s thought leaders  make key predictions and disseminate relevant data to help guide decisions that impact your real estate strategy. View U.S. Economic Outlook Jump to Industrial Jump to Office[…]

Economist: Jacksonville industrial market is ‘as close to a can’t miss as there is’

“Economists love to predict recessions,” admits Kevin Thorpe, chief economist and global head of research for Cushman & Wakefield. “The running joke is we were successful predicting nine of the last four,” he said Thursday at a NAIOP Commercial Real Estate Development Association Northeast Florida Chapter luncheon. Actually, most economists are “pretty optimistic about this[…]

Cushman & Wakefield Industrial Outlook & Trends Spring 2019

The U.S. economy and property markets entered 2018 with very strong fundamentals and a lot of momentum. The latest economic data—on consumer spending, global trade, manufacturing, intermodal rail volumes, and other metrics—send a clear signal that the U.S. economy is poised for greater growth. Read Cushman & Wakefield’s Spring 2019 edition of the U.S. Industrial[…]