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[…]

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[…]

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[…]

NYC Unveils $100M Plans to Modernize Distribution

There is little doubt that America’s infrastructure is lacking, if not close to crumbling. The American Society of Civil Engineers 2017 Infrastructure Report Card gives its condition a grade of D+. Other disturbing notes from the study estimate it would require $3.7 trillion by 2025 to raise the grade to a B, a $2 trillion[…]

2Q US MarketBeat

No Signs of Slowing Demand Growing Stronger U.S. industrial markets absorbed 64.1 million square feet (msf) in the second quarter of 2018, up 4.9% from the same period a year ago, and propelled year-to date absorption to 126 msf. Demand during the second quarter continued to be impressive and broad-based. Leasing velocity accelerated in nearly[…]

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[…]

Trump’s Tariff Crusade Hardly Matters for U.S. Automakers in China

Talks that President Trump’s tougher approach to China has U.S. auto workers hoping it will help create jobs at home and cut the trade deficit by $100 billion. Unfortunately, this may not be the case. It is very likely that cutting the tariff will have no measurable impact on the U.S. trade deficit. It still[…]

Trade Dispute with China Threatens US Container Exports

A day after President Trump ordered tariffs on $50 billion of Chinese imports, China clapped back by imposing $3 billion per year of tariffs on U.S. pork, aluminum, steel pipes, fruit, and wine. The commodities that China threatened retaliatory tariffs on made up 3.1% of the 2.8 million TEUs in total U.S. containerized exports to[…]