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[…]

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[…]

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! 

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.[…]

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[…]

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[…]

2019 North American Industrial Outlook

The industrial sector is undergoing a rapid transformation, much of it brought about by eCommerce which is forecast to grow by double digits throughout 2019 and beyond. Healthy absorption and continued low vacancy will uphold the strength of the industrial market, but questions remain: How will trade negotiations and tariffs impact industrial users and investors?[…]

2Q18 Jacksonville MarketBeat Reports

Strong Market Fundamentals The Jacksonville Metropolitan Statistical Area (MSA) saw significant job growth in the second quarter of 2018. The region continued to be a magnet for business relocations and expansions which fueled solid gains in population. The unemployment rate fell to 3.2% in May, down -70 basis points (bps) over the last 12 months[…]

Nine Years & Still Going Strong…

Nearly nine years into the current cycle, the U.S. economy is strong and getting stronger. The leading indicators that correlate well with the property markets are in excellent shape. Of course, there is no shortage of anxiety either; there never really is. Volatility is up this year, interest rates have moved higher, the yield curve[…]

How 25 Top Markets Stack Up on Tenant-Focused Metrics

The economy continues to grow as strong business fundamentals drive commercial real estate across the country. Just as companies fervently battle to attract much-needed talent, cities are engaged in their own battles to draw and retain companies.  Cushman & Wakefield’s Location Lens is a dynamic way to compare 25 of the largest U.S. cities in five[…]

Strong Economic Start. No Signs of Slowing.

The economy’s underlying fundamentals remain solid, underpinned by a robust job market. An average of 202,000 new jobs were created every month in 2018—more than the monthly averages in both 2016 and 2017. Stimulus from the Tax Cuts and Jobs Act of 2017 will keep demand for office space growing at a strong pace. Office-using[…]

U.S. Economy Positioned to Perform Well in 2018

There is renewed confidence in the economy, higher levels of real discretionary income are anticipated, and stronger global growth is expected to support U.S. economic expansion. For the fourth quarter, job gains averaged 204,000 per month. For all of 2017, U.S. firms created nearly 2.1 million new jobs. In addition, tax reform should bolster the[…]