The roads are mostly mapped for TuSimple to drive autonomously in Texas. Now it is up to commercial property developers to get ready for driverless trucks to come and go from warehouses.
Hillwood Investment Properties, one of the largest commercial real estate developers in the country, is taking suggestions from TuSimple Holdings (NASDAQ: TSP) on how to incorporate the needs of autonomous trucks into current and future facilities.
“If you develop a warehouse that has the right setup, like a...
Even as the historic growth rate of e-commerce sales has slowed in three of the past five quarters, the need for industrial warehouse space has not.
According to a new report from logistics real estate firm Commercial Edge, transactions closed in the first 11 months of 2021 totaled $61.6 billion across its markets, setting a new all-time high for sales volume. Sales prices averaged $111 per square foot in November, up 27.4% on a year-over-year basis.
“Despite being the 15th-largest market in the...
https://www.freightwaves.com/news/historic-year-continues-for-commercial-real-estate-sales
Warehouse demand is at record levels. Driven by rising e-commerce demand and related one- and two-day shipping demands, the need for new warehouses has never been higher.
Real estate services firm JLL (NYSE:JLL) published a survey of over 720 logisticians last month that found 74% predict 5% annual growth or more in warehouse demand over the next three years. About 28% of those said it would be 20% or more, and 71% expect demand from e-commerce to grow significantly through 2024.
That explosion...
https://www.freightwaves.com/news/need-a-warehouse-you-may-have-to-wait-9-months
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...
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