Chuck Salley, SIOR’s Post

https://lnkd.in/gFz6eAjq 1,800 jobs. $639 million capital investment. 25 economic development projects. Those are the numbers that represent the big job and investment deals within Winston-Salem and Forsyth County since 2020, according to Greater Winston-Salem Inc. To put that in perspective, in the decade between 2010 and 2020, the city only had 14 economic development projects, representing 2,604 jobs and a $906 million capital investment. So, Winston-Salem is outpacing its previous trend.

Zilber Property Group has lease and build-to-suit opportunities available at Caledonia Corporate Park. This master-planned 90-acre development is strategically located along the I-94 Corridor, offering unparalleled opportunities for businesses looking to expand or relocate in the heart of Racine County. A recent report by the Racine County Economic Development Corporation provides a comprehensive analysis of the industrial sector in Racine County, highlighting key opportunities and challenges in the region. Commercial Search recently identified the area as a prime spot for a manufacturing surge. Read the full report here: Racine County Industrial Sector Market Insights

Diverse Demand, Tight Supply Elevate Colorado Springs’ Industrial Market Industrial activity runs a wide gamut in Colorado Springs. Situated on the busy I-25 corridor, the Centennial State’s second-largest city is a key distribution point to Northern Colorado and surrounding states. But distribution is only part of the story. Thanks in part to Fort Carson Army base on its southern edge and the U.S. Air Force Academy to its north, the seat of El Paso County is home to an assortment of aerospace and defense manufacturers, as well as other industry clusters ranging from medical equipment makers to suppliers of semiconductor components. “It’s a military-friendly community that offers a lot of support for entrepreneurs and families just separating from their respective branches,” says Megan Mechikoff, an associate broker specializing in industrial real estate at NAI Highland, LLC. “That generates a lot of startups that work directly for the Department of Defense or attach themselves to a larger brand like Lockheed Martin or Northrop Grumman.” Colorado Springs attracts employers with its highly educated workforce, affordable cost of living and excellent quality of life, which includes mild winters on the protected Eastern slopes of the Rocky Mountains and proximity to outdoor activities and winter sports, Mechikoff says. What Colorado Springs lacks, however, is excess industrial space or an assortment of shovel-ready development sites. That’s partly because local leaders rezoned a number of business parks for residential development and other uses more than a decade ago, says Randy Dowis, a principal at NAI Highland Commercial. https://lnkd.in/gsqMECu3 Sponsored by NAI Global #cre #industrialcre #coloradosprings

In the midst of an overall slowdown of the #industrial market, check out these interesting stats below where growth is still taking place in the nation.

Market Spotlight: Greenville, South Carolina 🏢📊 The Greenville-Spartanburg area is the largest and fastest growing region in the state that collectively accounts for a population of 1.3 million people. Located approximately halfway between Atlanta and Charlotte along the fast-growing I-85 corridor, Greenville-Spartanburg features a top-ranked business climate, a talented labor force, a high quality of life and an affordable cost of living. Additionally, interstate and rail connection to the Port of Charleston as well as the impact of Inland Port Greer makes Greenville-Spartanburg an essential area for logisitcs and freight movement in the Southeast. The economic growth of Greenville-Spartanburg has been robust, with unemployment achieving its lowest rate in nearly a decade. The area has also established a positive reputation for its business-friendly local and state governments and aggressive economic development initiatives, which continue to attract businesses to this region. Greenville-Spartanburg’s growth in the industrial market has been strong and is credited with driving the local economy. While still striving as a manufacturing economy, the region has also seen an increased significance in the automotive, biotechnology, aviation/aerospace, engineering, logistics and distribution businesses. The industrial market has grown to a total 212 million square feet and the area continues a trend of positive net absorption and increasing rental rates, despite the continued surge in new development. Head here to learn more about the Greenville Market ➡️ https://lnkd.in/g8ndN5pf #eastgroupproperties #commercialrealestate #distributionbuildings #realestatedevelopment #realestateinvesting #commercialproperty #realestateinvestor #propertymanagement #realestatebroker #marketspotlight #greenvilleSC #southcarolina #southcarolinarealestate

Great report on the "near shoring" trend. Tennessee is in great position to be a big beneficiary of this and industrial real estate should continue to thrive. https://lnkd.in/e6E42uDG

Here are my five takeaways for Denver's industrial market heading into 2024:

NEW TO MARKET | Industrial/R&D | 72,359 SF | 100% Leased | Carlsbad, CA Colliers is pleased to present the opportunity to acquire Newton Corporate Center, a 100% leased Industrial/R&D building located in the Carlsbad Research Center with some of the best corporate neighbors you could ask for – Thermo Fisher, Full Swing, Reef, SPY, NETGEAR, TaylorMade, Scripps, Medtronic, Callaway Golf, Mercedes-Benz, FedEx and more! With rents that are 10.5% below market and tenants that are heavily invested in their suites, this is the perfect opportunity to acquire stabilized cash flow with significant upside in one of the top submarkets in Southern California. Investment Summary: Address: 5803 Newton Dr, Carlsbad, CA Rentable Area: 72,359 SF Occupancy: 100% Clear Height: 24’-27’ Loading: 4 GL | 2 DH Below Market Rent: 10.5% Asking Price: Call For Guidance Sean Fulp Ryan Plummer Evan McDonald, SIOR Jordan Garcia #industrial #1031exchange #commercialrealestate #investment #flex

For the first time ever, the Las Vegas Valley landed among the top 10 markets nationally for new industrial space under construction. As the cost of doing business continues to rise in the Golden State, many California-based companies are turning their attention toward Southern Nevada. Drawn to #ClarkCounty’s lower land costs, speedy entitlement processes and advantageous location for logistics and distribution facilities, our region is an ideal alternative for companies looking to spend less without sacrificing convenience. Read more from the Las Vegas Review-Journal: https://lnkd.in/gERZ_P_U