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Due to the continued and increased use of cloud data storage, data centers continue to be in demand here, including some in Silicon Valley that have either opened or been announced for completion in 2018.
E-commerce continues to drive demand for warehouse and distribution space; moreover, the increase in cloud computing is also creating an unprecedented need for data centers.
Realterm Global Co. acquires Bernardo Mesa Technology Center, a 180,946-square-foot warehouse, from a joint venture between Walton Street Capital and Greenlaw Partners.
Labor considerations are “really driving location analysis, more so than ever,” says Pete Quinn, Colliers International's newly named director of industrial services.
Two things in particular have risen in importance with today's tenants that they weren't requesting as little as five years ago. Murphy Development's Kaitlin Arduino tells GlobeSt.com what they are and what else you should know about industrial lease negotiations.
“The renovations will modernize the facility, and the renewable energy solar project will reduce the carbon footprint while converting the property into a sustainable facility,” says Sky Management's Alex Dembitzer.
While overall jobs, unemployment and population growth figures in San Antonio remain strong, projected negative absorption and a steady pipeline of new supply paint a bleaker picture, says Ten-X.