On a seven-mile stretch of Arkansas roads this fall, retail giant and tech innovator Walmart began testing a new type of delivery truck: autonomous vehicles running a loop route that requires the truck to navigate intersections, obey traffic lights and merge on dense roadways. Notably missing? A driver. These trucks are the first ever on […]
COVID-19 revealed to the world that work is no longer a place we go – it is an experience we shape. Returning to the office as it used to be may seem pleasantly simple, but that would leave a historic opportunity on the table. Far deeper value lies in designing the office anew – this […]
The years leading up to the pandemic were hot for cold storage. It only promises to grow going forward. With the cold storage vacancy rate around 4%, over 100 million square feet of cold storage space will be built in the U.S. in the next five years. As 78% of cold storage facilities in the […]
The debate on greenhouse gases and climate change is occurring at every level of government within the United States. Many states have initiated mandates calling for commercial building owners to gradually reduce their greenhouse gas emissions and eventually become net-zero by certain dates as part of efforts to address climate change. These mandates have included […]
After the initial shock of the pandemic, industrial real estate emerged as one of the asset classes least affected by the ensuing economic downturn. While the causes are multifaceted, the sudden spike in demand for products ordered and curbside pick-up meant that retailers – both online and brick-and-mortar – scrambled to secure the space they […]
Finally, after months of political gamesmanship between progressives and moderates in the Democratic party, the House of Representatives on Nov. 5 passed H.R 3684, the Infrastructure Investment and Jobs Act, which President Joe Biden signed into law this Monday. The Senate passed the bill on Aug. 10, and moderate Democrats in the House had been […]
Low cap rates and rapidly rising rents reflect industrial real estate’s status as the leading sector in commercial real estate development. Record levels of capital are flowing to industrial real estate while tenants are willing to pay higher rents to secure additional inventory and shorten delivery timelines. Kevin Welsh, executive managing director at Newmark; Juan […]
Industrial real estate contributes valuable jobs and services to the economy but is not always well understood by the local community. Concerns about traffic and adjacent land uses may also exist. In a session at NAIOP’s I.CON East in Jersey City, New Jersey, this week, a panel of experts discussed effective practices for engaging with […]
