Between Amazon, Illumina, Northrop Grumman and a spate of other large corporate users, the options for large users are dwindling, driving the redevelopment frenzy, C&W's Brett Ward tells GlobeSt.com.
In the Lehigh Valley, 1.5 million square feet of speculative construction added during the third quarter remained largely vacant, says Jared Jacobs, Cushman & Wakefield's Philadelphia research manager.
Houston has emerged as a profitable location for entertainment concepts because of its high population growth and diverse consumer base, with concepts such as go-carts and craft breweries taking center stage.
Labor considerations are “really driving location analysis, more so than ever,” says Pete Quinn, Colliers International's newly named director of industrial services.