Industrial

Buyers are hitting the pause button as they take the time to survey the new landscape.

The deals were announced on Wednesday by the three major automakers. Following Thursday evening shifts, Ford is temporarily suspending production at its manufacturing sites in North America to March 30 to thoroughly clean its facilities to protect its workforce and boost containment efforts for the COVID-19 coronavirus.

The coronavirus has brokers guessing as to how this will affect leasing in the short term, and Avison Young says leasing activity is likely to have a degree of decline in transaction volumes compared to pre-crisis expectations.

The low industrial vacancy and lack of large distribution centers in the market have created a tight warehouse market.

Arden Group is acquiring a portfolio of assets from Avistone of Laguna Niguel, CA. The portfolio is spread across San Antonio and Dallas, TX; Atlanta, GA and Columbus, OH.

It is not necessarily true that the Dallas self-storage sector is facing a slowdown because mobility is a major driver of the sector, and the mobility of DFW residents is higher than the US average.

The CBRE report states that life science companies occupy approximately 30 million square feet of lab space in Greater Boston with more than 4 million square feet of space in the development pipeline.

As concern spreads regarding Coronavirus disease 2019 a.k.a. COVID-19, facility owners and operators across most industries are in need of guidance…