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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.
Materials supplies availability, costs, supply-chain unsteadiness affecting expansion plans, performance.
The REIT has purchased five self-storage assets, bringing its sector portfolio to total more than $128 million.
Labor, trucking, unions are among the issues, not to mention back-ups at ports.
Spec development surges to 10x 2019 level as cold chain capacity tops 225M SF.
However, last-mile facilities will need to accommodate the new EVs as well as the charging stations that will power them.
San Francisco and New York are the topmost expensive cities in the country.
The portfolio is 98% leased and occupied by approximately 200 tenants.
One day it's -1% GDP growth. The next morning it's -2.1%.
Continued erosion in the office sector is part of the problem.
Slowing asset growth would be the key according to First American Financial Corporation.