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[…]

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[…]

Jacksonville ranks #1 for large cities

Axios recently published an article ranking the top 5 Counties for attracting job talent based on population. Duval County, Florida (Jacksonville) ranked number 1! The article notes that Jacksonville’s job growth has been bolstered by the introduction of Amazon and Wayfair distribution centers. Read the full article here! 

Cold Storage – Niche Assets: Well-Positioned for Growth

Niche assets offer investors focused exposure to a range of long-term drivers, including demographic change, affordable housing challenges as well as changes in technology and consumer behavior. Investors should consider the following: Transaction activity has exploded in recent years and should continue to grow, particularly among emerging concepts In each of the last two recessions,[…]

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.[…]

Tariff Whiplash is Already Taking a Toll on Retail

Welcome to the era of trade chaos for retail. Beginning in May, retailers lived with the official reality that a huge swatch of Chinese goods — known as “tranche four” which covers pretty much everything that hasn’t already gone through tariff increases — would get a 25% tariff. Retailers and analysts from nearly every sector[…]

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.[…]

Ford Sees Profit Return in China by Building Models Locally

Ford Motor Co. will help turn around its money-losing Chinese operations “a lot” once it begins building Lincoln models there later this year and the Ford Explorer sport-utility vehicle next year, the company’s chief financial officer said Wednesday. Material costs are lower in China, labor is lower in China, Ford can be closer to the[…]

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[…]

Industrial Strokes for Opportunity Zones Spotlight

Cushman & Wakefield’s In the Opportunity Zone: Don’t Miss the $100 Billion CRE Event details the mechanics of opportunity zones and remaining uncertainties, estimates the program’s ultimate impact, and outlines recommendations for investors on fund formation and investment strategy. For industrial property types, there is indeed untapped “opportunity” in these zones—with the right strategy at[…]

Clicks-to-Bricks: Holiday Shopping is Full Speed Ahead

With Thanksgiving, Black Friday and Cyber Monday rapidly approaching, Cushman & Wakefield’s resident experts on bricks-and-mortar retail and newCommerce, Garrick Brown and Ben Conwell, are providing their take on the looming holiday shopping season. They will cover everything from the “Christmas Creep” and labor shortages, to who will win the Toy War.  Read more.

Acting Fast to Slow Machinist Turnover

A.R.E. Manufacturing Inc. is a family-owned contract machine shop located in Newberg, Oregon. What started out of a garage as a two-person business has grown into an established company with nearly 50 employees that specializes in the manufacture of machined components using high precision CNC equipment: vertical machining centers, horizontal machining centers with pallet systems[…]

Trade War Remapping Automotive Manufacturing

The U.S. and Canada agreed to their portion of the NAFTA reboot this week. The new trade agreement has been renamed the U.S. Mexico Canada Agreement, or NAFTA 2. New USMCA rules require a higher level of local content for automotive manufacturers in order for finished vehicles to qualify for duty-free shipping between the three[…]