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[…]

August News RoundUp

Here are a few industrial news articles from the past month that caught our interest. We hope you find them to be interesting. Impossible Foods Partners to Increase Burger Production, Distribution After Shortages Supply Chain Dive / August 1, 2019 XPO Still Working to Make Up for Loss of Largest Customer Supply Chain Dive /[…]

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[…]

News Round Up

Here are a few interesting articles from the past month.  We hope you find them to be informative. Lettuce-Farming Robots Might Grow Your Next Salad Bloomberg  /  April 26, 2019 DHL Express SME Survey Reveals Pain Points for Logistics Managers Logistics Management  /  April 26, 2019 Canadian National’s Future Acquisitions Will ‘Feed the Beast’ Supply[…]

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. Macro Forecast: Nearing 10 Years and Still Looking Good

The U.S. economy is powering through global headwinds and market volatility, and continues to perform well. The U.S. Macro Forecast report includes forecasts for the economy, employment and financial markets and what they mean for the property markets. Download Report View Infographic Labor market is the economy’s MVP, but worker shortages are now businesses’ No. 1[…]

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?[…]

Mind Over Matter: Artificial Intelligence Can Slash the Time Needed To Develop New Materials

The convergence of mind and matter, of digital and physical technologies lies at the heart of the fourth industrial revolution. The marriage of Artificial Intelligence (A.I.) and materials science represents one of the clearest examples. Pure digital innovation has attracted the greatest attention – and a large share of financial investment – over the last[…]

Fedex, Walgreens Partner for Next-Day Delivery Prescription Service

Walgreens has partnered with FedEx to launch a next-day prescription delivery service. Walgreens claims the move, part of the company’s Walgreens Express service,earns it the distinction of fastest prescription delivery in the U.S. A text alert system sends notifications for prescriptions ready for pickup, and a mobile device process enables patients to have the prescriptions[…]

Will Automation Take Online Grocery to The Next Level?

Robots have swept across the grocery industry. They’re checking shelf stocks at Schnucks stores, scrubbing floors at Walmart Supercenters and moving pallets of products from one place to another in distribution sites across the country. At points across the supply chain, automation is helping retailers chip away at operational costs in a notoriously low-margin industry.[…]

A Few Good Articles

Here are a few interesting articles from the past few weeks. Enjoy!  Ship Recycling Platform Launches American Shipper  /  December 10, 2018 Nuro Partners with Kroger to Pilot Driverless Delivery in ScottsdaleGrocery Dive  /  December 3, 2018 ISM Semiannual Report Calls for Continued Manufacturing and Non-Manufacturing Growth in 2019 Logistics Management  /  December 11, 2018[…]

Hyperloop Cargo Train Pilot Set for Hamburg Port

High speed cargo trains zooming cargo containers through a depressurized tube will be tested in Europe under a new partnership between Hyperloop Transportation Technologies (HTT) and Hamburger Hafen und Logistik Aktiengesellschaft (HHLA),a container terminal operator in the Port of Hamburg, according to a company announcement. The venture will develop a hyperloop transport system linking seaports[…]

A New Industrial Revolution: What’s Behind the Boom in Industrial Real Estate

By Bethany Clark Those who follow commercial real estate have undoubtedly seen the headlines about the strength of the industrial sector. There’s no shortage of commentary celebrating the industrial boom, and rightfully so. I recently recapped the trends impacting our market and contributing to its growth in an article for BOMA Magazine. As you may have[…]

U.S. Industrial MarketBeat – Q3 2018 and Interactive Construction Map

Another Year Another Medal U.S. industrial absorption is on track to finish 2018 with its third strongest net occupancy growth, behind only 2016 and 2014. Considering the strong economic fundamentals, there is no indication that demand will soften in the final quarter of 2018. This means that the three strongest years of industrial occupancy growth[…]

Trucking Payrolls Soared by 5,700 Jobs in August

Logistics hiring is heating up to meet strong shipping demand even as retail, manufacturing employment slips back Trucking company payrolls soared in August, growing at the fastest 12-month pace since 2015 as logistics operators boosted hiring to keep pace with booming freight demand. Fleets added 5,700 jobs last month, according to preliminary figures the Labor[…]