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[…]

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[…]

Biggest U.S. Truckers Grab Larger Market Share

  Trucking may be a fragmented market, but the largest trucking companies in North America are increasing their market share, year-to-year and decade-to-decade. Truck pricing may be volatile, and subject to short-term swings in the US economy, but in the long-term, the growth rate of the biggest US trucking operators reveals a steady and sizeable[…]

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[…]

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?[…]

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[…]

U.S. Steelmakers Decide to Bet on Themselves

Steelmakers are boosting production capacity in the U.S. again in a bet that they can break the grip that cheap imports have on American industrial supply chains. Large steel manufacturers such as Nucor Corp., Tenaris SA and Big River Steel LLC are building mills and accelerating output as steel imports into the U.S. continue to[…]