Premier Industrial commercial real estate news, analysis, trends and information including warehouse, distribution, logistics, e-commerce, self storage and R&D space deals and players.
As the migration of companies and residents to the Houston region continues, the demand for self-storage facilities will expand, which adds to the long-term value and strategically positions assets to perform over time.
“This acquisition is a testament to the growing self-storage market in the metro New York area,” says Sonny Jumani, president and partner of Rochelle Park, NJ-based Tulfra Real Estate.
A rare retail automotive asset in San Diego's South Bay trades hands with a 176% return, proving that retail meeting specific characteristics will endure.
Right now investors are watching events closely but taking a wait-and-see attitude, says Colliers' Pete Quinn. Meanwhile the technology for the facilities themselves is rapidly advancing.
Most major Texas MSAs continue to record net population growth and job growth, which help to drive good storage returns, making the Texas self-storage market a good long-term bet.
“Our expansion into Northern New Jersey is an important part of our overall acquisition strategy, which is focused on increasing our holdings in Tier I distribution markets," says Mark Crawford, vice president of acquisitions and dispositions for Duke.
Huge class A buildings occupied by the likes of Amazon have popped up all over, but fewer groups are working on the smaller buildings needed to complete deliveries.