Aaron Corrigan’s Post

Excellent short overview of today's industrial real estate market. https://lnkd.in/g_cg8yr3 Prices are off from where they were at peak, but is today now the lowest we will see them going forward? "Buildings coming online in early 2024 have been in the works since 2020 or 2021, but supply coming on in late 2024 and beyond has higher costs" "To build new small bay is extremely expensive. We haven’t seen a lot of new supply added for small bay or mid bay overall.” It's hard to imagine any significant macro price adjustments in Vancouver & Fraser Valley markets. Quick photo-cred for Denciti Development Corp's Langley Gateway project. Nice work! Volodya Gusak David Fawley Todd Bohn Alex Girling Frontline Real Estate Services Ltd.

Here's the latest on the state of Chicago's industrial real estate market.

Here's the latest on the state of Chicago's industrial real estate market.

Read the Q4 2023 Albuquerque industrial real estate market report here: https://lnkd.in/g3dqzKZJ The vacancy rate is rising and lease rates are leveling but demand continues to be robust.

My Q1 2024 Industrial Market Report is live. Cleveland's industrial real estate market continued to perform well in early 2024. Key takeaways: 3% vacancy rate in Q1, 6.5% YoY increase in asking lease rates, average asking lease rate of $5.47/SF. More details in the link below! #cleveland #industrialrealestate #cre #industrialcle

CBRE's Portland’s Industrial Real Estate Q4 2023 report is here: https://lnkd.in/gp37ZdGQ   After a summer/fall cooling period due to increasing interest rates, Q4 ended on a conspicuously high note. ·        Market-wide industrial vacancy stabilized at 3.3%, up from 3.2% at the end of 2022 but below the 10-year average of 3.6% ·        Q4 ended with +188,493 SF of positive absorption bucking the two consecutive quarters of negative absorption. ·        Industrial shell rental rates continue to achieve between .85 to .95 cents psf (NNN) a result of Portland continuing to be one of the tightest markets in the country for industrial vacancy.   A forward look into 2024:   Portland’s industrial market will continue to be sound but expect a bumpy ride and some increase in vacancy.  2024 will see Buyers and Tenants looking (and waiting) for quality, while investors will prioritize stable occupancy and cash flow over value-add opportunities.    Here is what to expect: ·        Continued vacancy discrepancy between core and suburbs. ·        Operating costs to become more scrutinized as part of the overall rental rate. ·        A Buyer/Tenant market, increasing competition between Seller/Landlords. ·        2.8 million active industrial construction will continue to keep supply constrained pushing large users to look further north and south on the I-5 corridor.    Overall, I am optimistic about 2024!

The next opportunity in commercial real estate investing appears to be in small industrial. Our team can help identify off market properties nationwide based off your individual needs. Chicago Title NCS Seattle #cre #realestate #realestateinvesting #commercialrealestate #industrial #industrialleasing

Great to be featured in the September edition of Heartland Real Estate Business to discuss the latest happenings in the Kansas City Industrial Real Estate Market. Check out the link below for the full article.

Metro Denver's industrial real estate market is off to a strong start in 2024! Thanks to major projects in late 2023, the market is shedding its reputation for having one of the highest vacancy rates in the country. This exciting turnaround highlights the city's flourishing economy and the increasing demand for warehouses and distribution centers. Dive into the recent Denver Post article to learn more about the positive momentum in Denver's industrial real estate market.

Small bay industrial is on 🔥🔥🔥. But many operators and investors still don't know much about it. In the latest article of Emerge Real Estate News, Lucern Capital Partner's Frank Forte breaks down why small bay may be the best kept secret in CRE. He explains what prompted Lucern Capital Partners to make a hard pivot into the space, like: Inflation Protection Small bay properties with shorter lease terms and higher tenant demand offer investors protection against inflation. Tenant Diversification Small bay properties attract a diverse tenant base, including small business owners, manufacturing companies, and distribution firms. Supply Constraints Urban zoning restrictions, limited available land, and high construction costs are impeding the development of new small bay facilities. Differentiated Lease Terms Lower weighted average lease terms allow property owners to frequently adjust rental rates in response to overall market conditions, making these properties more adaptable and resilient to economic fluctuations.  Click the link below to get smart on the sector and DM me if you have a small bay deal to discuss! #industrialrealestate #smallbayindustrial #realestatecapital https://lnkd.in/gW823i7J