It’s one of those winter days in the Bay Area where winds and a downpour are going to make that sprint from the parking lot to your office building a wet mess. If only the adjacent parking garage had any spaces. Lucky for you, you’re on speaking terms with the building. Yes, the building. It tells you that there are two spaces unfilled and one of them is near the fourth-level elevator. That “conversation” is not science fiction. And that isn’t all that a “smart” building might tell its tenants and owners. “There are a couple of trends we see in the industry,” said David Marks (pictured), … [Read more...]
United States Industrial Market Signals Strength
Prologis, Inc. (NYSE: PLD), the leading global owner, operator and developer of industrial real estate, recently published an in-depth analysis of the United States industrial real estate market in a paper titled “The Shape of the U.S. Industrial Recovery.” In the report, the company’s research team points to a strengthening of the industrial market with the recovery transitioning into expansion. They believe this is driven by three key factors: - Effective rents expected to rise 25% over next four years; - Pent up demand: Exhibited by strong net absorption in the fourth quarter and … [Read more...]
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