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 […]
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 […]
“As I was preparing for this session, I thought we should rename it away from an entitlement-focus and instead call it, ‘So You Wanna Be a Developer? What The Heck Are You Thinking?’” said Jeff Milanaik, partner, northeast region, Bridge Industrial, and moderator of a session on entitlement and environmental headwinds at I.CON East this […]
With demand for cold storage expanding, so too is the need for these warehouses to be smaller, closer and colder. A panel of cold storage experts led a discussion the critical factors to consider when developing speculative cold storage buildings, closing out day one of I.CON East, held this week in Jersey City, New Jersey. […]
Complex factors – including the COVID-19 pandemic, weather, clogged ports, labor shortages and many more – are fueling the ongoing disruption of global supply chains, which is putting inflationary pressure on the global economy. A panel at NAIOP’s I.CON East, held this week in Jersey City, New Jersey, discussed these problems, as well as practical […]
