CBRE

Inland Empire warehouse vacancy rate hit 0.7% in quarter: CBRE

In a stark reminder of the unprecedented tightness gripping U.S. logistics warehousing, California’s Inland Empire, the country’s largest and most important warehouse and distribution center, had a vacancy rate of 0.7% as of the end of the third quarter, according to data published Friday by real estate services firm CBRE Group Inc.

The figure is remarkable given the magnitude of operations at the complex, which feeds goods to large swaths of the country from approximately 720 “big-box”...

https://www.freightwaves.com/news/inland-empire-warehouse-vacancy-rates-hit-07-in-quarter-cbre

Prologis names Scott Marshall global head of Customer Led Solutions

Scott Marshall to lead Customer Led Solutions

San Francisco-based logistics real estate investment trust Prologis (NYSE: PLD) announced Monday that it has named Scott Marshall global head of its Customer Led Solutions division, which develops and manages relationships with multimarket customers globally.

Marshall was previously CBRE Group’s (NYSE: CBRE) global chief client officer. He held various leadership positions with CBRE, including head of industrial and logistics and president of investor leasing for the Americas.

“Scott is a...

https://www.freightwaves.com/news/prologis-names-scott-marshall-global-head-of-customer-led-solutions

Commodity price spikes slow logistics warehousing activity but don’t stop it

If first-quarter data points are any indication, the U.S. industrial real estate market has moved beyond the “firing on all cylinders” stage to another white-hot plateau. Tenants and lessees occupied 109.1 million square feet more space than they vacated, an all-time quarterly record, roughly double the long-term average and nearly 67% higher from the first quarter of 2020, according to data from Colliers International (NASDAQ:CIGI), a real estate services and investment management company. 

Abou...

https://www.freightwaves.com/news/commodity-price-spikes-slow-logistics-warehousing-activity-but-dont-stop-it

Demand for reverse logistics warehouse space seen rising, CBRE says

About 400 million square feet will be needed over the next five years to manage the expected according to a report to be released Tuesday by real estate services giant CBRE Inc. (NYSE:CBRE).

Most of the square footage to handle returns will come from older distribution centers which third-party logistics (3PL) providers and large retailers will vacate for newer facilities to support forward logistics operations, CBRE said. 

About 1.5 billion square feet of new logistics square footage will be...

https://s29755.pcdn.co/news/demand-for-reverse-logistics-warehouse-space-seen-rising-cbre-says

El Paso market poster child for bullish US industrial outlook, CBRE says

To roughly paraphrase the classic 1959 tune by Marty Robbins: “Out in the west Texas town of El Paso, warehouse demand is high and so are the rents.”

Buoyed by the recently enacted U.S.-Mexico-Canada Agreement (USMCA) and by significant population growth that will support e-commerce activity, the Texas border city will experience a broadening of its manufacturing and logistics base at least through mid-decade, according to a report on the 2021 U.S. industrial property segment released Thursday...

https://s29755.pcdn.co/news/el-paso-market-poster-child-for-bullish-us-industrial-outlook-cbre-says

Hot trend in cold storage: Spec-space real estate (with video)

Building speculative space in traditional industrial warehousing has been a long-standing market segment, but it’s relatively new in the cold storage world and both real estate developers and design-build companies are positioning to take advantage.

“I will tell you that the amount of interest from developers and other investors – even developers that were in something other than industrial real estate – [they] see the allure of cold storage and want to get in and build spec freezer/cooler...

https://www.freightwaves.com/news/hot-trend-in-cold-storage-spec-space-real-estate-with-video

Supply chain shifts from China boost US Southeast, Gulf ports — CBRE

U.S. Southeast and Gulf Coast seaports and industrial distribution hubs will be the prime beneficiaries of U.S. firms shifting supply chains from China due to disruptions from the coronavirus pandemic and higher tariffs from the U.S-China trade war, according to a report published Thursday by real estate and logistics services giant CBRE Inc. (NYSE:CBRE)

Markets from Virginia to Texas and ringing much of the Southeast will gain as U.S. supply sources increasingly shift to European origination...

https://s29755.pcdn.co/news/supply-chain-shifts-from-china-boost-us-southeast-gulf-ports-cbre

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