Newmark Group

Surge expected in industrial properties with short-term leases, Newmark says

Logistics real estate investors looking to clean up in an era of tight supply and strong demand should consider going short, according to a leading commercial real estate firm’s latest research report.

The term is known as WALT, which stands for “weighted average lease terms.” For the past few years, buildings with short-term WALT — leases rolling off their original terms — have been a more attractive deal for investors than those holding long-term leases, according to Newmark Group Inc. (NASDAQ:...

https://www.freightwaves.com/news/surge-expected-in-industrial-properties-with-short-term-leases-newmark-says

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

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

Warehouse jobs go unfilled while former workers sit it out — report

Geodis

The logistics warehousing sector is on the horns of the same dilemma befalling numerous American industries since the economy began reopening in earnest: As warehouse jobs go begging, there appears to be an abundance of qualified labor filling the unemployment rolls.

A study by real estate advisory Newmark Group Inc. (NASDAQ:NMRK) showed that, in nine out of 10 large U.S. industrial markets, the percentage of unemployed Americans in the first quarter who had been former warehouse and...

https://www.freightwaves.com/news/warehouse-jobs-go-unfilled-while-former-workers-sit-it-out-report