Industrial
Demand from growing cloud-computing providers has set the U.S. data center market on pace to break 2017’s record leasing activity, according to CBRE’s latest U.S. Data Center Trends Report. Northern Virginia and Phoenix are also seeing significant new construction to meet demand.
Prime logistics rents increased globally during the 12 months ended March 31, accelerating their growth in many markets due to strengthening economies around the world and greater demand for distribution of goods bought both online and in stores, according to a report from CBRE. Prime rrents increased by 3.2 percent across the globe in this year’s first quarter from a year earlier, exceeding the previous 12-month period’s 2.2 percent global increase.
The growing popularity of online grocery shopping could result in demand for up to 35 million square feet (3.25 million sq m) of U.S. cold-storage space shifting from retail stores to warehouses and distribution centers within the next seven years, according to a report from CBRE.
With e-commerce players remaking the retail sector, industrial real estate developers are hustling to provide the infrastructure needed to get packages to doorsteps in hours instead of days.
Driven by an e-commerce boom, industrial real estate is in the midst of a golden age that shows no signs of waning, despite lingering concerns about the long-term health of traditional retailers, a group of industrial property managers said during a panel discussion at the 2017 Fall Meeting in Los Angeles.
The latest ULI Real Estate Economic Forecastis predicting more positive momentum ahead for both the economy and the commercial real estate industry through 2019. That being said, the pace of growth is slowing and the survey of 48 economists and analysts clearly reveals some lowering of expectations.
A year after the opening of the Panama Canal expansion, rents for industrial space around the Port of Los Angeles are at an all-time high and vacancy rates are hovering around 1 percent.
For more than 20 million passengers annually, Tegel Airport is the gateway to Berlin. As a new international airport is being built, an ambitious project is intended to transform Tegel into an “urban tech republic.”
This year, global investors should be keeping an eye on politics in China, Japan’s outbound investment, and the logistics sector, said a panel of senior industry figures speaking at the recent ULI Asia Pacific Summit 2017.
There was a time before Prohibition when St. Louis had more than 40 breweries. By the 1980s, however, that number had dwindled to just two. Today, experts speaking at a ULI panel said St. Louis’s smaller brewery scene is again thriving, with 50 separate breweries operating locally.
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