Colliers International

Logistics warehouse automation to continue apace despite construction slowdown

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After two years of off-the-charts expansion, the U.S. logistics warehouse market began slowing in...

https://www.freightwaves.com/news/logistics-warehouse-automation-to-continue-apace-despite-construction-slowdown

Higher interest rates unlikely to dent warehouse demand next year

The Federal Reserve’s rate hikes have made themselves felt in a big way among big money that invests in U.S. logistics real estate. But the aggressive monetary policy has, and is expected, to do little to change the cadence of robust leasing activity, low vacancy rates and soaring rents into 2023, according to various experts.

There isn’t much doubt that interest rate volatility during 2022 paralyzed much of the institutional investment community. Many investors went “pencils down,” industry...

https://www.freightwaves.com/news/higher-interest-rates-unlikely-to-dent-warehouse-demand-next-year

The great Fed squall cools off white-hot industrial market

Amazon sign pointing to a warehouse, where workers are voting on unionizing

The hairline fractures in logistics warehousing transaction activity, which surfaced over the summer, have widened into the fall as the rapid and fierce rise in borrowing costs puts the red-hot segment in what could be called “recalibration” mode.

Deals are still getting done. However, they are taking longer to complete. Debt is harder to secure as cautious lenders tighten their underwriting criteria. Investors have stepped back somewhat as higher borrowing costs lead to an increase in...

https://www.freightwaves.com/news/the-great-fed-squall-cools-off-white-hot-industrial-market

Logistics warehouse activity may cool as interest rates heat up

Warehouse space at a premium as investment heats up

Nothing in the second-quarter data indicates that the 12-year bull market for U.S. logistics warehousing, and the trends of e-commerce growth and the need for businesses to maintain high inventory levels that have driven the surge, are close to ending. 

The industrial construction pipeline hit an unprecedented 699 million square feet in the quarter, up 112% from pre-pandemic levels and 177% above the 10-year average, according to Cushman & Wakefield (NYSE: CWK), a real estate services firm. New...

https://www.freightwaves.com/news/logistics-warehouse-activity-may-cool-as-interest-rates-heat-up

Super-tight logistics warehouse market ushers in the Hagerstown effect

Nestled between several mountain ranges and with a population of about 44,000, the city of Hagerstown, Maryland, doesn’t come to mind as a hot spot for U.S. logistics warehousing. It probably should, however.

Near Interstates 70 and 81, 71 miles from Washington and 75 miles from Baltimore, Hagerstown fits comfortably within the country’s fourth-largest metropolitan statistical area (MSA), which extends north into Delaware and south into the nation’s capital’s expansive northern Virginia suburbs....

https://www.freightwaves.com/news/super-tight-logistics-warehouse-market-ushers-in-the-hagerstown-effect

Chicago industrial real estate posts a year for the books

Boxes and loose cargo spread around warehouse floor.

The Chicago industrial real estate market didn’t just break records in 2021. It obliterated them.

By virtually every metric, last year was the best in the long history of Chicago industrial real estate, which is dominated by logistics warehousing and distribution. Demand was unprecedented as measured by net absorption, which determines the amount of occupied space minus the amount that’s vacated.

According to data published Tuesday by Canadian real estate services firm Colliers International...

https://www.freightwaves.com/news/chicago-industrial-real-estate-posts-a-year-for-the-books

With Blackstone’s bucks behind it, Link Logistics makes its presence known

When a company like Blackstone Inc., which has about $700 billion of assets under management, makes what it calls a high-conviction wager on an industry, it’s a safe bet a fast and furious avalanche of capital will be cascading into that sector.

U.S. logistics real estate, one of the nation’s hottest industries, illustrates what happens when big money meets an equally big opportunity. Logistics warehousing first hit Blackstone’s (NYSE: BX) screen more than a decade ago. Blackstone upped its U.S....

https://www.freightwaves.com/news/with-blackstones-bucks-behind-it-link-logistics-makes-its-presence-known

In logistics real estate, smaller is getting bigger

Ecommerce causes last-mile networks to creep closer to consumers (Photo: Shutterstock)

In the white-hot world of logistics real estate, small is the current big thing.

Facilities with less than 100,000 square feet accounted for more than half of logistics real estate leasing activity in the third quarter, according to data published Tuesday by real estate services giant JLL Inc. (NYSE:JLL). Demand was even more pronounced for facilities of between 10,000 and 50,000 square feet, according to the company. During the first nine months, about 2,400 leases were signed for the smaller...

https://www.freightwaves.com/news/in-logistics-real-estate-smaller-is-getting-bigger

In logistics warehousing, the Windy City has the wind at its back

Boxes and loose cargo spread around warehouse floor.

In a scalding U.S. logistics real estate market, Chicago is not taking back seat heat to anyone.

The numbers bear it out. According to data published in late July from real estate advisory firm Newmark Group Inc. (NASDAQ:NMRK), the Chicago market, which is geographically defined as the city and its suburbs along with Milwaukee and the Wisconsin counties of Kenosha and Racine, had more than 1.16 billion square feet of industrial inventory in the second quarter. That was the largest of any market...

https://www.freightwaves.com/news/in-logistics-warehousing-the-windy-city-has-the-wind-at-its-back

Kansas City on pace for record commercial real estate growth in 2021

Kansas City seeing record real estate growth

On Monday, Colliers International (NASDAQ, TSX: CIGI), a global commercial real estate management company, announced it would build a 167,000-square-foot cold storage facility in Liberty, Missouri.

The deal is notable because it continues a hot streak for the Kansas City region, which has seen a boom in the past year in commercial real estate, both in terms of companies building facilities and firms like Colliers constructing buildings even without tenants.

“The Kansas City region is among only a...

https://www.freightwaves.com/news/kansas-city-on-pace-for-record-commercial-real-estate-growth-in-2021

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