Low industrial vacancy rates and high rents, combined with a limited supply of undeveloped land in the Southern California market, are leading more developers to turn to conversion and redevelopment to meet record demand for industrial space. Zac Sakowski, senior managing director at JLL, and Jake Smith, vice president of leasing and development at Duke […]
Finding and attracting labor has become a challenge for many sectors of the economy – and industrial real estate is no exception. Labor is often a critical consideration in site selection for warehouse and distribution space. In a panel discussion at I.CON West: The Industrial Conference this week, experts examined all sides of the labor […]
The popularity of electric vehicles (EVs) continues to gain momentum across the globe, with key factors driving the growth of this industry: the economics of owning an EV are becoming more favorable for consumers, while green investing is influencing automakers’ plans. In a session at I.CON West: The Industrial Conference this week, panelists discussed the […]
A panel of construction and design experts took to the stage at NAIOP’s I.CON West: The Industrial Conference this week in Long Beach, California, to answer the big questions surrounding materials cost, procurement and shortages, supply chain challenges and solutions, and offering their outlooks on how to best navigate industrial construction and design challenges in […]
“What’s happening in the economy overall is complex,” said Christopher Thornberg, Ph.D., founding partner of Beacon Economics and keynote speaker at NAIOP’s I.CON West: The Industrial Conference this week in Long Beach, California. “Fourth quarter 2021 GDP [gross domestic product] was 6.9% and February unemployment was 3.8%.” Those numbers look good, he said, but tell […]
The neighboring ports of Los Angeles and Long Beach have attracted substantial attention from the press, economists and industrial real estate developers as a surge in imports during the COVID-19 pandemic continues unabated. Increased shipments have translated to long lines of container ships anchored off the coast of Southern California and similar congestion within each […]
California is the biggest user of cold storage in the U.S., with over 16.5 million square feet of cold storage space according to the Los Angeles Times, and the ports of Los Angeles and Long Beach have more than doubled their refrigerated container capacity in recent years to address increasing import and export demand. Attendees […]
The need for cold storage facilities has exploded as e-commerce sales and grocery delivery demands multiplied during the last few years. Most cold storage facilities primarily handle food preparation or transit as products move toward consumers, but they can also be used for pharmaceutical, floral and chemical needs, among others, and frequently require varying temperature […]
